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Lower mortgage rates no silver bullet - BUT HELL Their still LOWER

Lower mortgage rates no silver bullet - BUT HELL Their still LOWER

This is a discussion on Lower mortgage rates no silver bullet - BUT HELL Their still LOWER within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Only a week after the Federal Reserve unveiled a $600 billion plan to reduce bmortgage/b rates, the Treasury Department is ...

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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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12-05-2008, 01:54 AM

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Lower mortgage rates no silver bullet - BUT HELL Their still LOWER ...

Only a week after the Federal Reserve unveiled a $600 billion plan to reduce bmortgage/b rates, the Treasury Department is considering adding to the effort to lower rates even more. Both moves are intended to get more buyers into the b.../b

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