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Canadian Banks Ratcheting Down Mortgage Rates « Rothenberg Capital

Canadian Banks Ratcheting Down Mortgage Rates « Rothenberg Capital

This is a discussion on Canadian Banks Ratcheting Down Mortgage Rates « Rothenberg Capital within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Up until now, bmortgage/b rates have been steady, even with the Bank of Canada lowering the bank rate by 1.50 ...

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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, 08:10 PM

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Canadian Banks Ratcheting Down Mortgage Rates « Rothenberg Capital ...

Up until now, bmortgage/b rates have been steady, even with the Bank of Canada lowering the bank rate by 1.50 percent over the last few months with lower rates expected to follow on December 9th. Banks have been holding on to their funds b.../b

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banks, canadian, capital, mortgage, ratcheting, rates, rothenberg

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