Question
What is mortgage financing?
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19th Dec 2009 by Burt Carlson
A mortgage is the security for a loan that a lender makes to a borrower. So when you borrower money for your home the lender secures the loan with your home (collateral). When the loan is paid off the lender releases their security interest in your home and you are now the only one with an interest in the property.
A mortgage is the security for a loan that a lender makes to a borrower. So when you borrower money for your home the lender secures the loan with your home (collateral). When the loan is paid off the lender releases their security interest in your home and you are now the only one with an interest in the property.
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28th Oct 2009 by Gary
Mortgage financing is when your buying or refinancing a home using the home as collateral for the loan. Normally mortgage financing is defined as when you're buying the home, rather than refinancing it, although some people use the term to define both.
Mortgage financing is when your buying or refinancing a home using the home as collateral for the loan. Normally mortgage financing is defined as when you're buying the home, rather than refinancing it, although some people use the term to define both.
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27th Oct 2009 In Finance
2 Answers | 606 Views
Subjects: mortgage,
mortgage financing,