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Home Mortgage Loan: How Much Can You Afford? | My-Mortgage.orgThis is a discussion on Home Mortgage Loan: How Much Can You Afford? | My-Mortgage.org within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Author Alan Lim explains: Potential home buyers are faced with a critical decision; how much can they afford to borrow ... |
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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, 02:00 PM
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Home Mortgage Loan: How Much Can You Afford? | My-Mortgage.org
Author Alan Lim explains: Potential home buyers are faced with a critical decision; how much can they afford to borrow from a home bmortgage/b loan? The decision on how much of a home bmortgage/b loan you can take on will depend entirely on b.../b
More... (Source: Google Blog Search) 
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| afford, home, loan, mortgage, mymortgageorg |
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