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Banks still charge more on new mortgage products \| Mortgages Uncovered

Banks still charge more on new mortgage products | Mortgages Uncovered

This is a discussion on Banks still charge more on new mortgage products | Mortgages Uncovered within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Homeowners with current tracker bmortgages/b will enjoy large cuts in monthly payments with the recent interest rate cuts; however, consumers ...

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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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11-21-2008, 05:02 AM

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Banks still charge more on new mortgage products | Mortgages Uncovered

Homeowners with current tracker bmortgages/b will enjoy large cuts in monthly payments with the recent interest rate cuts; however, consumers who are looking for new tracker bmortgage/b deals are set to pay bigger margins which are above the b.../b

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