- New purchases, re-finances, seconds, HELOCs
- Rate improvement, debt consolidation, cash
out
- Fixed rate, adjustable rate, interest only,
reverse mortgages and other popular options
- Competitive rates and fees
Don’t be misled by the hype that dominates the mortgage business!
We’ll help you understand your alternatives, and structure
a program that fits your situation.
Call or email us if you’d like to explore the possibilities! |
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A mortgage is method of
using property as security for the payment of a debt.
Technically the term mortgage
(from Law French, lit. "death pledge") refers
to the legal device used in securing the property, but
it is also commonly used to refer to the debt secured by
the mortgage.
In most jurisdictions mortgages
are strongly associated with loans secured on real estate
rather than other property and in some cases only land
may be mortgaged. Arranging a mortgage is seen as the standard
method by which individuals or businesses can purchase
residential or commercial real estate without the need
to pay the full value immediately.
In general terms the main
participants in a mortgage are:
• The creditor -
variously referred to as the mortgagee or lender.
• The debtor(s) - variously referred to as the mortgagor(s)
or borrower(s).
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