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Where St. Louis Eats » How to Know How Much Mortgage You Can Afford

Where St. Louis Eats » How to Know How Much Mortgage You Can Afford

This is a discussion on Where St. Louis Eats » How to Know How Much Mortgage You Can Afford within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Again, forget what your Mortgage guy told you! Forget what your real estate agent said. They have an agenda. 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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12-07-2008, 01:24 PM

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Where St. Louis Eats » How to Know How Much Mortgage You Can Afford

Again, forget what your Mortgage guy told you! Forget what your real estate agent said. They have an agenda. The more home you take on the more money they make. Your real estate agent makes a percentage of the sale price, b.../b

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