Mortgage basics

There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After all, it’s your money and your home we’re talking about; as a Mortgagor, you have a right to understand what you’re reading. (You didn’t know you were a mortgagor? ... read more>>

Posted by Raj Dhaliwal (MyAbbotsford.Com) on 04/20/2007 06:48 PM

Comments (3)

mortgage

3 Comments on Mortgage basics

Great blog, understanding everying is inportant.

04/20/2007 07:25 PM

by Jason Vombaur (Keller Williams)

Raj:

FYI

Mortgagor

An individual or company who borrows money to purchase a piece of real property. By granting the lender an interest in the property, which allows it to lend the funds with an accurate assessment of risk, the mortgagor provides the lender with a guarantee for the full repayment of the loan. Also known as a "chargor".

04/20/2007 07:40 PM

by Randal Keberlein (Weichert Realtors Unum Properties)

FYI?

Hello

Did I say something different?

Mortgagor = borrower

04/21/2007 08:22 PM

by Raj Dhaliwal (MyAbbotsford.Com) (Landmark Realty Corp.)

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Real Estate Agent: Raj Dhaliwal (MyAbbotsford.Com) (Landmark Realty Corp.)

Raj Dhaliwal (MyAbbotsford.Com)
Abbotsford, BC
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Landmark Realty Corp.

Office Phone: (604) 855-0800
Cell Phone: (604) 614-9294
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