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Mortgage Rates Fall, U.S. Seeks Further Interest Rate Reduction

Mortgage Rates Fall, U.S. Seeks Further Interest Rate Reduction

This is a discussion on Mortgage Rates Fall, U.S. Seeks Further Interest Rate Reduction within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Insider Mortgage Blog-Site For Mortgage & Real Estate Consumers Get the truth about the home bmortgage/b and real estate ...

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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, 04:04 AM

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Mortgage Rates Fall, U.S. Seeks Further Interest Rate Reduction ...

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