What Is a Mortgage?


Ask.com Answer for: what is a mortgages
Mortgage rates for VA
Rate Current Last Week
30yr fixed 4.02% 4.02%
15yr fixed 2.99% 3.01%
5/1 ARM 2.74% 2.78%
Source: www.zillow.com
Mortgage Rates for:
Q&A Related to "What Is a Mortgage"
A mortgage is nothing more than a loan. Like most loans, it requires some collateral (the thing you'll lose if you don't pay the lender back). In this case, the collateral is a house
When you have a mortgage, there is a legal contract between you and a lender that says if you fail to repay the borrowed sum the property used to secure the loan will be taken by
1. Find a property you would like to buy that has an assumable mortgage. This will take lots of footwork. Generally, an owner or agent will advertise that a property has a loan that
1. Check your credit score. You will need good credit in order to be accepted by the bank as a co-signer. 2. Evaluate whether you plan to take out any loans or apply for credit in
3 Additional Answers
Mortgage is a loan given by banks or building society to buy a property. A mortgage loan is normally secured by real property through the use of a mortgage note. The note evidences the existence of the loan and the realty which secures the loan.
Mortgage is described to be a loan to finance the purchase of real estate, usually with specified payment periods and interest rates.
A mortgage is a loan taken out for purpose of buying property. They are offered by banks and building societies as well as mortgage lending companies.
Explore this Topic
The average UK mortgage is £112,000 for a new house purchase with the average income of new mortgage holders being £40,000 per annum. The average deposit ...
A mortgage consultant is an independent agent or an intermediary between the consumer and the mortgage lender. Their work is to shop the available lenders and ...
The 80 20 mortgage is two loans amounting to 100% of the purchase price. There is a first mortgage of 80% of your purchase price and a 20% second mortgage that ...
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