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They gave me a 25 year mortgage and I won’t live that long

They gave me a 25 year mortgage and I won’t live that long

This is a discussion on They gave me a 25 year mortgage and I won’t live that long within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I’m not complaining, but they gave me a twenty five year bmortgage/b this year and I turned 57 this year. ...

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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, 02:51 PM

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They gave me a 25 year mortgage and I won’t live that long ...

I’m not complaining, but they gave me a twenty five year bmortgage/b this year and I turned 57 this year. The average life expectancy is 72 years or was anyway. I happen to smoke so I don’t have life insurance. Life insurance isn’t worth b.../b

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