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How to Find the Right Mortgage Posted By : Robert Thomson \| My

How to Find the Right Mortgage Posted By : Robert Thomson | My

This is a discussion on How to Find the Right Mortgage Posted By : Robert Thomson | My within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A bmortgage/b that is properly suited to an individuals needs when buying a home can save the individual thousands while ...

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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, 06:01 AM

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How to Find the Right Mortgage Posted By : Robert Thomson | My ...

A bmortgage/b that is properly suited to an individuals needs when buying a home can save the individual thousands while a bmortgage/b that has not been properly tailored to their needs can place the house and the individuals financial future b.../b

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