Mortgage

[zinta]

Hai,

I am Zinta.

A mortgage is a method of using property (real or personal) as security for the payment of a debt.

The term mortgage (from Law French, lit. dead pledge) 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.

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. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.

In many countries it is normal for home purchases to be funded by a mortgage. In countries where the demand for home ownership is highest, strong domestic markets have developed, notably in Spain, the United Kingdom and the United States.

[Nabeel]

Hi, This post of mine is very beneficial and informative, however there are some specific facts or information that I require. If anyone can help me in this matter then please send me a private message. Best Regards,

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[lopez]

Hai,

I am Lopez.

Five Tips for Getting a

1. Shop around: Many mortgage lenders are tightening their standards and offering fewer options for consumers with bad credit, and rates and terms can vary dramatically in the subprime market. To improve your chances of getting the best possible deal you need to shop around. Try using online forms to save time.

2. Compare rates: If you have bad credit you're likely to pay a higher interest rate than someone with good credit. If you are applying for an adjustable rate mortgage ask how your rate and loan payment will change over the life of the loan--and whether your mortgage payment will be lowered if rates go down.

3. Points and fees: Ask your lender to provide you with disclosures (called Good Faith Estimates and Truth-in-Lending forms) showing the fees and costs associated with your home loan. See if any of those costs are negotiable.

4. Down payment: Find out what each lender requires for a down payment and how you need to verify that the funds are available. Ask if there are any special programs you can take advantage of.

5. Negotiate: Just because you have bad credit doesn't mean you can't haggle a little. The mortgage business is incredibly competitive and some lenders might be willing to work with you here and there. If you don't ask you'll never know.

When shopping around for a home loan, especially if you have bad credit, the more prepared you are the better off you'll be. Write your questions down and gather all the facts before you make a decision.

[Mortgage]

I have taken mortage from and there service is good, Quick loan processing and they offer low interest rates. You can also try!

[Mortgage]

I have taken mortage from and their service is good, Quick loan processing and they offer low interest rates. You can also try!

[devidson11]

A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

[Nicholas_B]

This is great - just a quick question is it possible to get a mortgage if you have a poor credit rating and of not then where can i get one from?