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The Mortgage Experts: Can Closing Costs Be Rolled into a Loan?

The Mortgage Experts: Can Closing Costs Be Rolled into a Loan?

This is a discussion on The Mortgage Experts: Can Closing Costs Be Rolled into a Loan? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you are a real estate agent, a home buyer, or someone interested in refinancing, contact us with your questions ...

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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, 04:15 PM

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The Mortgage Experts: Can Closing Costs Be Rolled into a Loan?

If you are a real estate agent, a home buyer, or someone interested in refinancing, contact us with your questions -- we will help you. If you need a bmortgage/b for yourself or for a client, then definitely call us. b.../b

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