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All About Debt Consolidation amp; How to Save More on Mortgage » 8

All About Debt Consolidation amp; How to Save More on Mortgage » 8

This is a discussion on All About Debt Consolidation amp; How to Save More on Mortgage » 8 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; These programs, commonly sponsored by state, county or city authoritieses, frequently offer up better rates of interest and conditions than ...

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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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12-02-2008, 03:16 AM

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All About Debt Consolidation amp; How to Save More on Mortgage » 8 ...

These programs, commonly sponsored by state, county or city authoritieses, frequently offer up better rates of interest and conditions than you’ll get amongst private loaners, said bmortgage/b consultant Diane St. James. b.../b

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