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Mortgage rates fall for 2nd day; won’t help all \| Apply Best

Mortgage rates fall for 2nd day; won’t help all | Apply Best

This is a discussion on Mortgage rates fall for 2nd day; won’t help all | Apply Best within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and ...

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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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11-27-2008, 07:25 AM

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Mortgage rates fall for 2nd day; won’t help all | Apply Best ...

Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year.That drop is what.

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