AbcLoanMortgage.com
Title
ABCLoanMortgage.com home loan and mortgage guides,information
Description
Excerpted from the website:
- About Mortgage
- A mortgage is loan document in which you pledge the title to your home as the collateral. Simply put, if somebody loans you money this person will most likely ask that you put something up as collateral of equal or greater value. In the case of a home loan or mortgage, the title is what is held as collateral. Basically the lender holds the title or in some states holds a lien to the title until the entire loan is paid off. The lender gives you the loan and in exchange you agree to pay monthly PITI (Principal, Interest, Taxes and Insurance).
Logos
