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Tips For Canada Mortgage BrokersThis is a discussion on Tips For Canada Mortgage Brokers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A bmortgage/b broker acts as an intermediary who sells bmortgage/b loans on behalf of individuals or businesses. Traditionally, banks and ... |
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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, 01:33 PM
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Tips For Canada Mortgage Brokers
A bmortgage/b broker acts as an intermediary who sells bmortgage/b loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products.However as markets for bmortgages/b have become b.../b
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