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Portable Mortgages: a Useful Option?
October 6, 2003 "I have heard that you can now get a mortgage that can be moved from one property to another. That sounds like it would save me a lot of money because my company moves me every 3 or 4 years. Can you provide details?" A portable mortgage is one that ... more... Mortgage Prepayment in Full: What Must You do? 17 May 2004 "I have come into a bequest and want to pay off my mortgage in full. How exactly do I do that?" You can?t just send the lender a check, even if you know exactly what the payoff amount is. Lenders have procedural rules about payoffs and you must follow ... more... |
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transfer related definitions |
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Lien
Lien A claim upon a piece of property for the payment or satisfaction of a debt or obligation. A mortgage is a lien against a house. A lien affects the ability to transfer ownership. ... more... Title Title Title is a legal term for an owner's interest in a piece of property. It may also refer to a formal document that serves as evidence of ownership. Conveyance of the document may be required in order to transfer ownership in the property to another person. Title is ... more... |
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