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Home Mortgage Refinancing How Rates and Terms Affect Overall Cost

Home Mortgage Refinancing How Rates and Terms Affect Overall Cost

This is a discussion on Home Mortgage Refinancing How Rates and Terms Affect Overall Cost within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Two of the most important aspects of home bmortgage/b refinancing are the interest rate and the length of the repayment ...

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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, 02:30 PM

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Home Mortgage Refinancing How Rates and Terms Affect Overall Cost ...

Two of the most important aspects of home bmortgage/b refinancing are the interest rate and the length of the repayment period. These two factors drive the.

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