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Banks cut mortgage rates ahead of OCR decision - National Business

Banks cut mortgage rates ahead of OCR decision - National Business

This is a discussion on Banks cut mortgage rates ahead of OCR decision - National Business within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Manawatu Standard Banks cut bmortgage/b rates ahead of OCR decision National Business Review, New Zealand - 4 hours ago Banks ...

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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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11-20-2008, 08:02 AM

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Banks cut mortgage rates ahead of OCR decision - National Business ...

Manawatu Standard Banks cut bmortgage/b rates ahead of OCR decision National Business Review, New Zealand - 4 hours ago Banks moved.

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