Mortgage

RECENT NEWS
Financial Times  1 hr ago  Comment 
Building society takes hit from record-low interest rates and mounting costs
Motley Fool  2 hrs ago  Comment 
Imagine how wonderful it would feel to have no monthly house payment. What could you do with all that extra money every month?
Motley Fool  May 22  Comment 
Another day of very little change on the mortgage rate front.
Motley Fool  May 19  Comment 
The bank's CEO wants to see the standard down payment requirement decreased by half.
Motley Fool  May 19  Comment 
Little to no news is good news on the mortgage front today.
Channel News Asia  May 18  Comment 
The head of Bank of America Corp , the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20...




 
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.

People normally pay me for this and you are giivng it away!

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