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Real Estate Blog - Are lower mortgage rates really the solution?This is a discussion on Real Estate Blog - Are lower mortgage rates really the solution? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I know this post is likely to get some negative or differing feedback, and that's fine - but please read ... |
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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, 05:01 PM
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Real Estate Blog - Are lower mortgage rates really the solution?
I know this post is likely to get some negative or differing feedback, and that's fine - but please read the entire blog post if you are going to respond. I have had a lot of feedback from other agents about the bmortgage/b rate debate in b.../b
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