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Reverse Mortgage Loans | My-Mortgage.org

This is a discussion on Reverse Mortgage Loans | My-Mortgage.org within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you are thinking that the Mortgage loans in USA is still enveloped by the sub prime crisis then keep ...

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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, 10:23 PM

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Reverse Mortgage Loans | My-Mortgage.org

If you are thinking that the Mortgage loans in USA is still enveloped by the sub prime crisis then keep your assumption at a distance. As the thinks stand the foreclosures are diminishing and today things are lot more transparent and b.../b

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