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Lower mortgage rates aren#39;t the answer - CNNMoney.com \| Real Estate

Lower mortgage rates aren#39;t the answer - CNNMoney.com | Real Estate

This is a discussion on Lower mortgage rates aren#39;t the answer - CNNMoney.com | Real Estate within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Christian Science MonitorLower bmortgage/b rates aren't the answerCNNMoney.com - 3 hours agoAccording to several reports, the Treasury Department is. More... ...

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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, 03:02 AM

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Lower mortgage rates aren#39;t the answer - CNNMoney.com | Real Estate

Christian Science MonitorLower bmortgage/b rates aren't the answerCNNMoney.com - 3 hours agoAccording to several reports, the Treasury Department is.

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