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What is a mortgage? – Consumer Financial Protection Bureau – Answer: A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money youve borrowed plus interest. A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money youve borrowed plus interest. Mortgage loans are used to buy a home or to borrow money.
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Natalie Campisi: Nearly 6 million people can now cut their mortgage payments with refinancing – The average interest for 30-year fixed-rate mortgages is nearing 4% again, ushering the way for millions more homeowners to save money by refinancing. The recent drop in rates means that 5.9 million.
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