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Riperijo’s Blog » Blog Archive » Poor Credit Mortgage LoansThis is a discussion on Riperijo’s Blog » Blog Archive » Poor Credit Mortgage Loans within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you have a poor credit record, then it is not a problem anymore because you can now have poor ... |
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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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If you have a poor credit record, then it is not a problem anymore because you can now have poor credit bmortgage/b loans. You can pay for your loan easier because they have adjustable rate bmortgage/b. Just have a bad credit bmortgage/b b.../b
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