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Mortgage Rates for Friday Afternoon \| Rain City Guide

Mortgage Rates for Friday Afternoon | Rain City Guide

This is a discussion on Mortgage Rates for Friday Afternoon | Rain City Guide within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This morning's Jobs Report was even worse than expected with 533000 payroll jobs eliminated in November along with downside revisions ...

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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, 10:22 PM

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Mortgage Rates for Friday Afternoon | Rain City Guide

This morning's Jobs Report was even worse than expected with 533000 payroll jobs eliminated in November along with downside revisions to September and.

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