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Personal Finance and Mortgages » Blog Archive » Mortgage lendingThis is a discussion on Personal Finance and Mortgages » Blog Archive » Mortgage lending within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This entry was posted on Tuesday, November 25th, 2008 at 4:00 pm and is filed under bMortgages/b. You can follow ... |
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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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Personal Finance and Mortgages » Blog Archive » Mortgage lending ...
This entry was posted on Tuesday, November 25th, 2008 at 4:00 pm and is filed under bMortgages/b. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site b.../b
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