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Debt Consolidation Mortgage Loan - Significant Debt Relief B

Debt Consolidation Mortgage Loan - Significant Debt Relief B

This is a discussion on Debt Consolidation Mortgage Loan - Significant Debt Relief B within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; When you take out a debt consolidation mortgage , all other bills that were included will be paid along with ...

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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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02-12-2008, 05:05 AM

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Debt Consolidation Mortgage Loan - Significant Debt Relief B

When you take out a debt consolidation mortgage, all other bills that were included will be paid along with the mortgage payments meaning, any credit card purchases for instance, can take as long as the life of the mortgage to pay off.

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consolidation, debt, loan, mortgage, relief, significant

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