Free Mortgage Information

What are mortgages? 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.

This comes from the Old French "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as ships) and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.

The cost to the borrower is measured by the annual percentage rate (APR), which is an effective annual rate of interest and fees paid by the borrower.

If you are a mortgage lender you are called A Mortgagee and if you are the borrower you are called the mortgagor. For more info on the term "mortgage", please look through our suggested sites.

Wikipedia

  • Understand more on the term
  • Learn about the legal aspects
  • Unsecured and secure mortgages
  • Security deeds
  • *See website for complete terms and conditions
WebClassifieds

  • We offer you the best rates
  • four qualified loan offers from reputable mortgage companies competing for your business.
  • refinance, or purchase a home on our secure site.
  • multiple offers from our network of reputable mortgage companies and lenders.
  • *See website for complete terms and conditions
MortgateChoice

  • top mortgage lenders who have almost 400 home loan products
  • Home loan calculators
  • Looking to refinance
  • Meet with a broker
  • *See website for complete terms and conditions
Free Press Release

  • Tips
  • All Information FREE
  • Leave a comment
  • Keywords
  • *See website for complete terms and conditions
National Mortgage News Online

  • Lead Stories
  • Daily Mortgage News Briefing
  • Mortgage Video Library
  • Video of the day
  • *See website for complete terms and conditions
Mortgage 101

  • Fixed Rates Mortgages
  • Consistent Monthly Payments
  • Check Mortgage Rates
  • *See website for complete terms and conditions
Free Press Release

  • Tips
  • FREE Mortgage Information
  • Free Refinance information
  • Dictionary of terms
  • *See website for complete terms and conditions
Free Press Release

  • What to know in Reverse Mortgage
  • Qualifications for a Reverse Mortgage
  • Application
  • Eligibility
  • *See website for complete terms and conditions

 

© 2009 -2010 Allied Trust Diamond All rights reserved