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Open House Blog » Blog Archive » Mortgage rates continue to fall

Open House Blog » Blog Archive » Mortgage rates continue to fall

This is a discussion on Open House Blog » Blog Archive » Mortgage rates continue to fall within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Open House Blog is your source for real estate articles, buying or selling a home tips, commercial realty info, articles ...

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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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Open House Blog » Blog Archive » Mortgage rates continue to fall ...

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