Sunday, March 09, 2008

Mortage :)

Information regarding Mortgage

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 mortgage 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.

But it is all about finding the best place for it
and finding them is the harder thing
now
Commercial Mortgages makes it easy for us
so there is nothing that stops us
so why waiting people just go out and have the thing done

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