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Debt CreditThis is a discussion on Debt Credit within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a ... |
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01-12-2011, 08:19 PM
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Debt Credit
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. I
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