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Real Estate Blog - Florida Mortgage Rates Hit 4.5%

Real Estate Blog - Florida Mortgage Rates Hit 4.5%

This is a discussion on Real Estate Blog - Florida Mortgage Rates Hit 4.5% within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Florida Mortgage Rates have reached the lowest they have ever been on a 30-year fixed rate bmortgage/b, as bmortgage/b 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, 04:42 PM

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Real Estate Blog - Florida Mortgage Rates Hit 4.5%

Florida Mortgage Rates have reached the lowest they have ever been on a 30-year fixed rate bmortgage/b, as bmortgage/b rates have dipped to just 4.5%, falling below even the lowest rates seen in 2003. Now, more than ever, homeowners should be b.../b

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