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Michigan Mortgage Blog -Atlantis Mortgage » Blog Archive » A FewThis is a discussion on Michigan Mortgage Blog -Atlantis Mortgage » Blog Archive » A Few within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; There are alternatives to the standard Michigan bmortgage/b that locks you in for a period of twenty five or more ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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11-19-2008, 05:34 AM
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Michigan Mortgage Blog -Atlantis Mortgage » Blog Archive » A Few ...
There are alternatives to the standard Michigan bmortgage/b that locks you in for a period of twenty five or more years, but you need to be willing to get aggressive about reducing your bmortgage/b costs. The easiest way to reduce these costs b.../b
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