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Teame13.org - Mortgage News » Blog Archive » London afternoonThis is a discussion on Teame13.org - Mortgage News » Blog Archive » London afternoon within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Teame13.org - Mortgage News 2008 Sitemap. As expected, Wall Street has opened sharply higher following US President-elect Barack Obama’s announcement ... |
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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, 03:10 PM
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Teame13.org - Mortgage News » Blog Archive » London afternoon ...
Teame13.org - Mortgage News 2008 Sitemap. As expected, Wall Street has opened sharply higher following US President-elect Barack Obama’s announcement on Sunday of plans for the nation’s biggest infrastructure investment in over 50 years b.../b
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