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Mortgage Interest Rates Fall (KDKA Pittsburgh)

Mortgage Interest Rates Fall (KDKA Pittsburgh)

This is a discussion on Mortgage Interest Rates Fall (KDKA Pittsburgh) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage interest rates are dropping -- and that could make it easier for folks to buy a home, kick-starting the ...

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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, 05:36 AM

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Mortgage Interest Rates Fall (KDKA Pittsburgh)

Mortgage interest rates are dropping -- and that could make it easier for folks to buy a home, kick-starting the sagging housing industry. For current homeowners, it may be time to re-finance to get a more attractive rate.

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fall, interest, kdka, mortgage, pittsburgh, rates

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