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The Stop Shopping Monitor By Info Billy » 2nd Mortgage or

The Stop Shopping Monitor By Info Billy » 2nd Mortgage or

This is a discussion on The Stop Shopping Monitor By Info Billy » 2nd Mortgage or within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A second bmortgage/b is simply an additional bmortgage/b secured by your property. As a homeowner with equity in your home ...

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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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11-24-2008, 12:11 AM

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The Stop Shopping Monitor By Info Billy » 2nd Mortgage or ...

A second bmortgage/b is simply an additional bmortgage/b secured by your property. As a homeowner with equity in your home you might consider using a 2nd bmortgage/b to pay off high interest debt, pay for college tuition, or renovate your home. b.../b

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