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Straight Talk About Mortgages and Real Estate \| Mortgage Market

Straight Talk About Mortgages and Real Estate | Mortgage Market

This is a discussion on Straight Talk About Mortgages and Real Estate | Mortgage Market within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage Rates have been updated. Reactions - the market got a major blow today with the jobs report coming out ...

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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, 04:48 PM

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Straight Talk About Mortgages and Real Estate | Mortgage Market ...

Mortgage Rates have been updated. Reactions - the market got a major blow today with the jobs report coming out with 533000 job losses in November.

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