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» Blog Archive Illinois Mortgage Rates and News - Happy BirthdayThis is a discussion on » Blog Archive Illinois Mortgage Rates and News - Happy Birthday within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This blog, Illinois Mortgage Rates and News, turned 1 year old last illinois bmortgage/b rates week. One year is not ... |
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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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12-09-2008, 02:40 AM
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» Blog Archive Illinois Mortgage Rates and News - Happy Birthday ...
This blog, Illinois Mortgage Rates and News, turned 1 year old last illinois bmortgage/b rates week. One year is not a long time. One year old babies still can’t speak and crawling is usually the favored form of locomotion. b.../b
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