Mortgage

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Fed rate hikes likely to continue for months
Fed's credit tightening campaign will keep mortgage rates and other consumer interest rates rising as well but at a pace that should slow
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Mortgage: Help, How To, Tips and Advice

  • short sale (of house) - legal definition short sale (of house) - legal definition ... short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of ... forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can ... http://www.nolo.com/definition.cfm/Term/ 51715E63-5BC5-4DCE-B5E96F71DFF3D5AB/alpha/S/ - 21.2KB
  • ABA Public Education: The Purchase Contract: What is a mortgage ... A mortgage-contingency rider provides critical protection to the buyer. ... The seller may refuse to agree to a mortgage-contingency rider. ...
  • Looking for the Best Mortgage Steps to take and pitfalls to watch out for when getting a home loan.


Mortgage Resources

4 Things To Watch Out For When Choosing A Mortgage Company
by Bart Fadington We all know that there are a lot of mortgage companies out there. But how do you know which company to choose?
The Seattle Times: Real Estate: Winning the mortgage gamble can be tricky
Do the legwork on your finances and mortage before you start your house hunting
Release of Mortgage - Free Legal Form
NOTE: THE FORMS AVAILABLE IN THIS ARCHIVE ARE SUBJECT TO OUR TERMS OF USE AND ARE NOT A SUBSTITUTE FOR THE ADVICE OF AN ATTORNEY.
FFIEC Home Mortgage Disclosure Act
Gray and blue star, Welcome to the FFIEC's Home Mortgage Disclosure Act (HMDA) web site. Information is organized into three categories:. About HMDA ...

Common Mortgage Questions and Answers

More Information

Operation of the mortgage


The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt (also called hypothecation) for the rest of the value of the property. In legal terms, the creation of a mortgage gives the ''legal title'' of the land to the mortgagee and an ''equitable title'' (called "equity of redemption") to the mortgagor. The legal title, however, only exists as a security for a debt and does not convey any title or powers associated with real property.
Article from Wikipedia licensed under GNU Free Documentation License.

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Last Updated August 11, 2005

Definition

Mortgage: put up as security or collateral
Wordnet
A second mortgage is another loan secured by the property much like a first mortgage. It is a loan which is subordinate to the first mortgage.
equitydirect.com/mortgage-definitions-glossary.html
A loan for a house. Also referred to as a lien or claim against real property.
nwmservices.com/glossary.shtml

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