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Real Estate Blog - Mortgage rates are down- Refinance activity wayThis is a discussion on Real Estate Blog - Mortgage rates are down- Refinance activity way within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; My name is Brad Burton and I'm a Mortgage Loan Officer located in Radnor, PA - a suburb of Philadelphia ... |
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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, 04:53 AM
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Real Estate Blog - Mortgage rates are down- Refinance activity way ...
My name is Brad Burton and I'm a Mortgage Loan Officer located in Radnor, PA - a suburb of Philadelphia known as the Main Line. The Main Line area and its surroundings have remained pretty steady despite the turbulent market.
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| activity, blog, estate, mortgage, rates, real, refinance |
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