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Line grows quickly for $35 million to fix housing in Central Fl...This is a discussion on Line grows quickly for $35 million to fix housing in Central Fl... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 15 Comments, last updated on Friday Nov 28 by liberals hate facts More... (Source: Topxi.com) ... |
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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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