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Bill Gross Says Don’t Refinance your Mortgage Yet

Bill Gross Says Don’t Refinance your Mortgage Yet

This is a discussion on Bill Gross Says Don’t Refinance your Mortgage Yet within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; With all this talk about super low rates, it may sound like the perfect time to lock in a low ...

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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, 06:15 PM

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Bill Gross Says Don’t Refinance your Mortgage Yet

With all this talk about super low rates, it may sound like the perfect time to lock in a low rate on a new home purchase or a refinance. But before you.

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