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Salt Lake City Mortgage Market Update for December 2, 2008 « Salt

Salt Lake City Mortgage Market Update for December 2, 2008 « Salt

This is a discussion on Salt Lake City Mortgage Market Update for December 2, 2008 « Salt within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Hopefully they’ll head for the safety of Bonds, which will further sustain or help bmortgage/b interest rates, especially here in ...

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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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Salt Lake City Mortgage Market Update for December 2, 2008 « Salt ...

Hopefully they’ll head for the safety of Bonds, which will further sustain or help bmortgage/b interest rates, especially here in Utah where rates seem to be better than the national average, even though gas prices aren’t. b.../b

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