Mortgage

RECENT NEWS
Motley Fool  1 hr ago  Comment 
With home prices rising, mortgage rates drop across the board to help overcome the price increase.
MarketWatch  1 hr ago  Comment 
Mortgage rates sink as the 'Trump trade' comes into question
Motley Fool  3 hrs ago  Comment 
These missteps could wreck your closing, so steer clear at all costs.
SeekingAlpha  Mar 22  Comment 
Motley Fool  Mar 22  Comment 
Want your closing to go off without a hitch? Here are the steps you need to take -- and avoid.
Motley Fool  Mar 22  Comment 
Other than jumbo loans, the good news just keeps on coming for would-be home buyers, despite the Federal Reserve's recent hike to its benchmark rate.
WA Business News  Mar 22  Comment 
Western Australia is driving a nationwide rise in Australians who are falling behind on home loan repayments, according to a report by ratings agency Standard & Poor's.




 
TOP CONTRIBUTORS

A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt.

The term <a href="http://www.bankrate.com/>mortgage</a> refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan. With the advent of the mortgage backed securities, the market for mortgage loan has been growing quickly and is estimated as large as the Treasury debt market.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately.

The interest rate required of a mortgage is determined by the credit rating of the borrower -- most often divided into prime and subprime mortgage. It may also be related to the strategy of the lender in that, depending on growth targets and competition, the lender may offer more competitive rates.

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