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Real Estate Blog - Good News! Mortgage Applications Surge.This is a discussion on Real Estate Blog - Good News! Mortgage Applications Surge. within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates ... |
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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, 02:40 PM
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Real Estate Blog - Good News! Mortgage Applications Surge.
Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
More... (Source: Google Blog Search) 
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| applications, blog, estate, good, mortgage, news, real, surge |
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