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Finance News Blog » Blog Archive » Refinance After Mortgage CrisisThis is a discussion on Finance News Blog » Blog Archive » Refinance After Mortgage Crisis within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; It may sound great when you hear you’re pre-approved to refinance your bmortgage/b loan. But how can you figure out ... |
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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, 05:55 PM
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Finance News Blog » Blog Archive » Refinance After Mortgage Crisis ...
It may sound great when you hear you’re pre-approved to refinance your bmortgage/b loan. But how can you figure out whether the bmortgage/b lender who wants to refinance your loan is credible, especially after the bmortgage/b crisis? b.../b
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| archive, blog, crisis, finance, mortgage, news, refinance |
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