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How to Spot a Good Mortgage Broker Posted By : Michelle Schmidt

How to Spot a Good Mortgage Broker Posted By : Michelle Schmidt

This is a discussion on How to Spot a Good Mortgage Broker Posted By : Michelle Schmidt within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; With the FBI investigating some lending institutions and bmortgage/b brokers, it becomes clear that most brokers do not represent anyones ...

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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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How to Spot a Good Mortgage Broker Posted By : Michelle Schmidt ...

With the FBI investigating some lending institutions and bmortgage/b brokers, it becomes clear that most brokers do not represent anyones interests but their own. Mortgage brokers are regulated by state agencies but are not under any b.../b

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