Mortgages & Finance

A mortgage (Law French for "dead pledge") is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. 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 real property.

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TransferYourMortgage! Ask the Experts on how to Transfer Your Mortgage.
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Home Mortgage Resources
Ideas, tips and books to mortgage a home. Resources to improve your existing home and find a loan to finance your renovation.
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Smart Capitalist Finance Tips
Learn how to invest in real estate with a few simple articles. Learn how to valuate property and other assets.
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