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Costs Associated With Getting A Mortgage Posted By : Mike Cole

Costs Associated With Getting A Mortgage Posted By : Mike Cole

This is a discussion on Costs Associated With Getting A Mortgage Posted By : Mike Cole within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Though most potential homeowners are most familiar with traditional bmortgages/b where the property being purchased serves as collateral for the ...

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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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11-25-2008, 09:20 PM

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Costs Associated With Getting A Mortgage Posted By : Mike Cole ...

Though most potential homeowners are most familiar with traditional bmortgages/b where the property being purchased serves as collateral for the loan, this is not the only type of bmortgage/b that is available. b.../b

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