Mortgage

RECENT NEWS
New York Times  10 hrs ago  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?
Financial Times  Nov 30  Comment 
Bank of England to consult on assessing higher loan-to-income mortgages
Clusterstock  Nov 30  Comment 
If you're planning on becoming a homeowner one day, you'll likely take out a mortgage to finance your purchase. The two most common types of home loans — fixed-rate and adjustable-rate mortgages — each have pros and cons, and choosing the...
SeekingAlpha  Nov 30  Comment 
MarketWatch  Nov 29  Comment 
Foreign residents and retirees make this city one of the most expensive housing markets.




 
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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