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Consumer Dave: Are you upside down on your mortgage in Arizona?

Consumer Dave: Are you upside down on your mortgage in Arizona?

This is a discussion on Consumer Dave: Are you upside down on your mortgage in Arizona? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Are you upside down on your bmortgage/b in Arizona? You may have a great option if you have an fha ...

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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, 04:41 AM

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Consumer Dave: Are you upside down on your mortgage in Arizona?

Are you upside down on your bmortgage/b in Arizona? You may have a great option if you have an fha loan. If you have an fha loan and you are upside down you can do what is called an fha streamline refinance. You do not even need to provide b.../b

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