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Grindstone Financial: Mortgage Refi#39;s Save the Day?

Grindstone Financial: Mortgage Refi#39;s Save the Day?

This is a discussion on Grindstone Financial: Mortgage Refi#39;s Save the Day? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; "Mortgage applications filed last week rose a seasonally adjusted 112.1%, compared with the week before, as borrowers rushed to lock ...

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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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12-04-2008, 03:55 AM

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Grindstone Financial: Mortgage Refi#39;s Save the Day?

"Mortgage applications filed last week rose a seasonally adjusted 112.1%, compared with the week before, as borrowers rushed to lock in lower rates, according to the Mortgage Bankers Association's weekly survey, released on Wednesday. b.../b

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