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Diaries of a Mad Mortgage Broker » Buyers and Sellers Should be

Diaries of a Mad Mortgage Broker » Buyers and Sellers Should be

This is a discussion on Diaries of a Mad Mortgage Broker » Buyers and Sellers Should be within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Realtors have been crying that nothing is selling because people cannot get bmortgages/b. That is not entirely true because ...

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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, 05:58 PM

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Diaries of a Mad Mortgage Broker » Buyers and Sellers Should be ...

The Realtors have been crying that nothing is selling because people cannot get bmortgages/b. That is not entirely true because we are getting plenty of people bmortgages/b. The banks are being more selective and are taking longer, b.../b

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