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mortgage?? | Free Mortgage Guid eBookThis is a discussion on mortgage?? | Free Mortgage Guid eBook within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This entry was posted on Sunday, December 7th, 2008 at 9:23 am and is filed under Mortgage Guid. You can ... |
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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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12-07-2008, 11:15 AM
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mortgage?? | Free Mortgage Guid eBook
This entry was posted on Sunday, December 7th, 2008 at 9:23 am and is filed under Mortgage Guid. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. b.../b
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