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Random Thoughts- Do They Have Meaning?: Jack amp; The quot;Mortgage Brokerquot;

Random Thoughts- Do They Have Meaning?: Jack amp; The quot;Mortgage Brokerquot;

This is a discussion on Random Thoughts- Do They Have Meaning?: Jack amp; The quot;Mortgage Brokerquot; within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage Broker: I am calling because you are paying too much for your bmortgage/b. Jack: That is not what 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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11-26-2008, 04:45 PM

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Random Thoughts- Do They Have Meaning?: Jack amp; The quot;Mortgage Brokerquot;

Mortgage Broker: I am calling because you are paying too much for your bmortgage/b. Jack: That is not what the bank says. Mortgage Broker: Sir, I am prepared to help you with a loan modification program. b.../b

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