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You Too Have The Power To Live Mortgage Free! Posted By : EddieThis is a discussion on You Too Have The Power To Live Mortgage Free! Posted By : Eddie within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Of course it’s not compulsory to live in a tent or some converted school bus to be able to save ... |
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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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Of course it’s not compulsory to live in a tent or some converted school bus to be able to save on bmortgage/b loans or to be able to live free of bmortgage/b. Regrettably, this is the mistake many make in an attempt to prevent paying b.../b
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