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Products amp; Shopping » Know Where You Stand With a 2nd Mortgage

This is a discussion on Products amp; Shopping » Know Where You Stand With a 2nd Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Most people have a bmortgage/b on their home. Some people even have a second bmortgage/b. You can have a second ...

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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, 10:54 AM

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Products amp; Shopping » Know Where You Stand With a 2nd Mortgage ...

Most people have a bmortgage/b on their home. Some people even have a second bmortgage/b. You can have a second bmortgage/b at the same bank as your first or you can have it at a different bank. Most people that have second bmortgages/b have them b.../b

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