atlanta mortgage rates - getting the right mortgage

2008-11-13 12:20:58

( Financial )



A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

The term comes from the Old French dead pledge; apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some jurisdictions only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.

It is worth mentioning in this regard that a low mortgage rate means spending on monthly payments during the course of a mortgage. In theory, a low mortgage rate can save home buyers like you several thousands of dollars. Furthermore, a low mortgage rate means having more funds to spend on investments that might prove profitable.

If you are located in Georgia, you can compare mortgage rates in Georgia and in particular atlanta mortgage rates. Getting the right information can help ensure that you get the best atlanta mortgage rates from Georgia mortgage companies and lenders in Georgia that are available for your property in Atlanta.

To enjoy savings on your mortgage, refinance and home-equity needs in Atlanta, access to quality mortgage resources and the best atlanta mortgage rates is of critical importance. It is much better in the long term to ask an expert about mortgage questions that will give you more options to get you the right mortgage.


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