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Straight Talk About Mortgages and Real Estate \| Lower mortgage

Straight Talk About Mortgages and Real Estate | Lower mortgage

This is a discussion on Straight Talk About Mortgages and Real Estate | Lower mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; As the economy continues to weaken, however, some economists say the answer to the housing crisis lies in stabilizing the ...

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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, 05:41 PM

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Straight Talk About Mortgages and Real Estate | Lower mortgage ...

As the economy continues to weaken, however, some economists say the answer to the housing crisis lies in stabilizing the job market. As more people lose their.

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