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The term and terminology of Mortgage

1001dollarstip.blogspot.com/2009/08/mortgage-mea... - Details

zehar: A mortgage is the transfer of an interest in property 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 property...

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zehar saved this page on 01/04/2010 04:47pm

A mortgage is the transfer of an interest in property 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 property from the buyer to the mortgage lender

Tags: Mortgage  Loan  market  Credit 

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