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Web Directory - Sleek » Business » Mortgage

Mortgage

A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.A contract or deed specifying the terms of a mortgage.The claim of a mortgagee upon mortgaged property.mortgage, in law, device for protecting a creditor by giving him an interest in property of his debtor. In common law a mortgage was a conditional sale; i.e., the mortgagor sold realty or personal property, but if the debtor paid the debt by a certain time the sale was voided. The mortgagee held legal title, the mortgagor equitable title; both estates were salable. Today Great Britain and a majority of states in the United States view mortgages as liens on property. The practical result under the two systems is the same. If the mortgagor does not pay the debt, the creditor seeks a court-ordered sale of the property , and the debt is paid out of the proceeds. During economic depressions many jurisdictions enact temporary mortgage moratorium statutes that give courts the discretionary power to refuse to foreclose mortgages. In a reverse mortgage, a homeowner borrows against the value of a house to receive a line of credit or monthly payments. Reverse mortgages are used by elderly homeowners as a way of obtaining cash, and normally the loan is paid off when the homeowner dies. 

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Net Branch MortgageNet Branch Mortgage - http://www.1stmet.com

Learn more about mortgage net branch opportunities through our MetroBranching approach. Mortgage net branching services offered allow mortgage brokers to focus on client relationships while we handle the back office work.

PR: 3
MoneyMagic Remortgages - UKMoneyMagic Remortgages - UK - http://www.earth.co.uk/

A UK remortgage advice company providing UK homeowners and first time buyers advice on remortgage products.

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Las Vegas Custom LoansLas Vegas Custom Loans - http://www.lasvegascustomloans.com

This site offers Las Vegas Home Mortgages with personalized service to meet your needs. We are a Las Vegas Mortgage Broker using over 170 lenders to find your home loan.

PR: 3
Compare buy to let mortgage quotesCompare buy to let mortgage quotes - http://www.themoneycentre.net/

The Money Centre is the UK’s leading independent buy to let mortgage brokers. Visit our site for impartial mortgage advice. Use our interactive broker for real-time buy to let quotes for commercial and residential properties.

PR: 5

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