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Ontario Mortgage Information: RBC lowers mortgage rates

Ontario Mortgage Information: RBC lowers mortgage rates

This is a discussion on Ontario Mortgage Information: RBC lowers mortgage rates within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The columns, articles, message board posts and any other features provided on Ontario Mortgage Information are provided for personal finance ...

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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, 07:04 PM

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Ontario Mortgage Information: RBC lowers mortgage rates

The columns, articles, message board posts and any other features provided on Ontario Mortgage Information are provided for personal finance and investment information and are not to be construed as investment advice. b.../b

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