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THE GEEK: poor credit mortgage loan

THE GEEK: poor credit mortgage loan

This is a discussion on THE GEEK: poor credit mortgage loan within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The main purpose of bmortgage/b loans being given are, for buying a house with the house as security for the ...

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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, 03:29 AM

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THE GEEK: poor credit mortgage loan

The main purpose of bmortgage/b loans being given are, for buying a house with the house as security for the loan. Good Credit is essential for getting this loan. However sometimes one would have bad credit because of several reason and b.../b

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