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Mortgage Tips For First Time Home Buyers

Mortgage Tips For First Time Home Buyers

This is a discussion on Mortgage Tips For First Time Home Buyers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Everyone wishes to live in the dream house they always picture in their minds when they were kids. (...) 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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11-24-2008, 02:41 AM

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Mortgage Tips For First Time Home Buyers

Everyone wishes to live in the dream house they always picture in their minds when they were kids. (...)

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