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Real Estate Blog - Mortgage Rates are DOWN - Way Down!This is a discussion on Real Estate Blog - Mortgage Rates are DOWN - Way Down! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Thinking of buying a home in Rancho Santa Margarita? This may be the best time in a LONG time. Mortgage ... |
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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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12-03-2008, 04:09 AM
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Real Estate Blog - Mortgage Rates are DOWN - Way Down!
Thinking of buying a home in Rancho Santa Margarita? This may be the best time in a LONG time. Mortgage rates are down, way down. Home prices may continue to fall for some time to come, or this could be the bottom.
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| blog, estate, mortgage, rates, real |
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