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How Credit Score Affect Mortgage Loans | Huntsville Alabama | Car

This is a discussion on How Credit Score Affect Mortgage Loans | Huntsville Alabama | Car within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A good credit score can mean faster approval of a loan application and possibly a lower down payment and lower ...

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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, 01:05 PM

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How Credit Score Affect Mortgage Loans | Huntsville Alabama | Car ...

A good credit score can mean faster approval of a loan application and possibly a lower down payment and lower rate of interest. With a good credit score an Huntsville Alabama car loans financing with bad credit bmortgage/b home loans, b.../b

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