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Reverse Mortgages \| Andrew Knight

Reverse Mortgages | Andrew Knight

This is a discussion on Reverse Mortgages | Andrew Knight within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Some Important Reverse bMortgage/b Information Reverse bmortgage/b loans were introduced in the United States in 1989. Since then, almost 20000 ...

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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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12-08-2008, 07:40 AM

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Reverse Mortgages | Andrew Knight

Some Important Reverse bMortgage/b Information Reverse bmortgage/b loans were introduced in the United States in 1989. Since then, almost 20000 seniors in the.

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