Mortgage

RECENT NEWS
Motley Fool  3 hrs ago  Comment 
The Mortgage Bankers Assocation Weekly Applications Survey shows mortgage rates rising week over week, but home-buying activity rose during the same period.
SeekingAlpha  11 hrs ago  Comment 
Motley Fool  Dec 6  Comment 
Mortgage rates were unchanged on Tuesday. Meanwhile, millennials may be underserved in the housing market, but demand is bubbling up nonetheless.
Financial Times  Dec 6  Comment 
Other high street lenders expected to follow suit as costs creep up
The Hindu Business Line  Dec 6  Comment 
But expects home loan amounts to go up as cash component dips post-demonetisation
guardian.co.uk  Dec 6  Comment 
Market expert says move could signal end of record low interest rates The first evidence has emerged that the era of record-low fixed-rate mortgages may be coming to an end after HSBC withdrew its “cheapest-ever” deal and increased rates on...
WA Business News  Dec 6  Comment 
The Australian Securities and Investments Commission has permanently banned a former Perth-based finance broker after finding he had engaged in misleading conduct.
WA Business News  Dec 6  Comment 
New York Times  Dec 2  Comment 
In another sign of a recovering housing market, the government will increase the amount that can be borrowed before loans become “jumbo” mortgages.
MarketWatch  Dec 1  Comment 
Will higher borrowing costs kill the housing recovery?




 
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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