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How Credit Scores Affect Applying For a Mortgage | Free ArticlesThis is a discussion on How Credit Scores Affect Applying For a Mortgage | Free Articles within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; On the contrary a low credit score would result in a lot of rejection from various bmortgage/b financers. Because creditors ... |
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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, 09:40 AM
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How Credit Scores Affect Applying For a Mortgage | Free Articles ...
On the contrary a low credit score would result in a lot of rejection from various bmortgage/b financers. Because creditors wouldn't come forward easily to give credit to individuals that have a history of difficulty in repaying existing b.../b
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