Mortgage

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Motley Fool  Aug 23  Comment 
Breaking down the basics of mortgage loans.
Financial Times  Aug 23  Comment 
Lenders urge borrowers to consider impact of an eventual UK rate rise
guardian.co.uk  Aug 20  Comment 
Council of Mortgage Lenders reports total of £22bn in mortgage loans ahead of predicted interest rate rise The value of mortgages handed out to first-time buyers and people moving house hit its highest monthly total for seven years in July as...
Forbes  Aug 19  Comment 
It is kind of ironic for the Ninth Circuit, which played such a big role in advancing marriage equality, to be issuing a decision that discourages registered  domestic partners from marrying.  That is an effect of the decision in the case Bruce...
Yahoo  Aug 19  Comment 
Applications for U.S. home mortgages rose last week as refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ...
SeekingAlpha  Aug 19  Comment 
New York Times  Aug 19  Comment 
Some lenders are automating the mortgage process with e-closings, and the Consumer Financial Protection Bureau says that could make things simpler for borrowers.




 
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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