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My Mind on Mortgages » No Closing Cost refinance

My Mind on Mortgages » No Closing Cost refinance

This is a discussion on My Mind on Mortgages » No Closing Cost refinance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; My Mind on bMortgages/b - Evan Swanson, a bmortgage/b professional based in Portland, shares his knowledge, thoughts & advice on ...

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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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11-26-2008, 01:51 AM

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My Mind on Mortgages » No Closing Cost refinance

My Mind on bMortgages/b - Evan Swanson, a bmortgage/b professional based in Portland, shares his knowledge, thoughts & advice on bmortgage/b & financially related topics.

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