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Ontario Mortgage Information: Take an interest in bonds to

This is a discussion on Ontario Mortgage Information: Take an interest in bonds to within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Banks get their bmortgage/b money the same way they get other money: they take in deposits from bank accounts, GICs, ...


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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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Old 11-26-2008, 07:04 PM
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Default Ontario Mortgage Information: Take an interest in bonds to ...

Banks get their bmortgage/b money the same way they get other money: they take in deposits from bank accounts, GICs, etc., and then loan out the money at a higher rate. The difference, or the spread, is how commercial banks make most of b.../b

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