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Real Estate Blog - Good News for Jumbo Mortgages

Real Estate Blog - Good News for Jumbo Mortgages

This is a discussion on Real Estate Blog - Good News for Jumbo Mortgages within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Good News on Jumbo Reverse bMortgages/b -- HECM Reverse bMortgage/b Products to Allow Higher Loan Amounts The good news ...

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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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12-06-2008, 03:30 PM

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Real Estate Blog - Good News for Jumbo Mortgages

The Good News on Jumbo Reverse bMortgages/b -- HECM Reverse bMortgage/b Products to Allow Higher Loan Amounts The good news is that by sometime in early 2009, the HUD HECM Reverse bMortgage/b product will allow a higher loan amount for high b.../b

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