Housing Bubble 2.0 – US Mortgage Debt Hits New Record | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Mortgage.
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Housing Bubble 2.0 – US Mortgage Debt Hits New Record | Jabar Post Indonesia
A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (“foreclosure” or “repossession”) to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning “death pledge” and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as “a borrower giving consideration in the form of a collateral for a benefit (loan)”.
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender’s rights over the secured property take priority over the borrower’s other creditors, which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.
In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called “securitization”, which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.
Housing Bubble – Housing Bubble 2.0 – Housing Bubble 2019
Housing Crash – Real Estate Bubble 2.0 – Home Prices
Housing Correction – Market Shift – Foreclosures – Short Sales
2019 Housing Market – 2019 Real Estate Market
Housing Bubble Burst – Economic Collapse
Housing Crisis – Real Estate Market – Real Estate News
Recession – Mortgage Rates – Real Estate Investing
Pre-Foreclosures – Realtor
Today is August 1st 2019 and Randy will discuss the following topics:
US Mortgage Debt Hits New Record
Cash Out Refi’s Surging
NY FED Says Housing is Anemic
Top 10 Vacant Home Locations
iBuyers Cost Sellers More
OpEd on US Home Prices
If you have any questions, or wish to discuss Housing or Real Estate Investment, You can reach me directly at: [email protected]
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I am not an attorney, financial planner, CPA or tax advisor. This channel merely provides opinion, commentary and summarizes data and information that is readily available to the general public regarding the Housing Market. I advise you to seek tax / legal / professional counsel and for everyone to do their own due diligence prior to making any significant decisions or purchases regarding real estate or other investment matters.
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