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Finance- Investment: Getting A Mortgage With Bad Credit: Is It Doable?This is a discussion on Finance- Investment: Getting A Mortgage With Bad Credit: Is It Doable? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Twenty years ago those with bad credit would be hard pressed to be approved for a bmortgage/b loan. But today ... |
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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, 10:30 AM
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Finance- Investment: Getting A Mortgage With Bad Credit: Is It Doable?
Twenty years ago those with bad credit would be hard pressed to be approved for a bmortgage/b loan. But today it is very common as lenders have had to relax their rules and regulations a bit to reach a wider audience. But with bad credit, b.../b
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08-28-2009, 10:55 AM
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we don't know but i think its totally awkward
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| Tags |
| bad, credit, doable, finance, investment, mortgage |
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