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Reverse Mortgage

This is a discussion on Reverse Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Five of the best sites about reverse bmortgages/b. Know of another site that should be listed here? Leave your suggestion ...

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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, 03:41 AM

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Reverse Mortgage

Five of the best sites about reverse bmortgages/b. Know of another site that should be listed here? Leave your suggestion at the bottom of this page. (Related searches: Mortgage Calculator, GMAC Mortgage, Florida Mortgage) b.../b

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