Mortgager


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Mortgager

The borrower of a loan secured by property.
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Jurta didn't dwell on the fact that the department cited CL&M as an unlicensed mortgager in its examinations, but never forced it to be licensed--it just kept on asking it to give up a few residential loans.
(152.) The Civil Code also defines a "possessory mortgage" as "a contract by which the mortgager gives property to be held in possession of a mortgagee or an ('adl') against a debt...." Civil Code, supra note 51, art.
* Notify all of your financial institutions and electronic billing suppliers, such as banks, credit unions, mortgager, cell phone carriers, car leasors, credit card companies and other financial service providers.
government.) Pass-through MBS inherit the cash-flow characteristics of 30-year fixed-rate mortgages, which can be prepaid at par at the discretion of the borrower (mortgager).
``Alternatively, it may be worth obtaining a quote from the bank or building society with which you have a mortgage as it is in the mortgager's best interest to make sure the property is insured.''
And the mortgager must stay in residence while the lodger's there.
Obtain license, title, and sales information by identifying owner, seller, lien holder, mortgager, etc.
The notice states that "in view of standard commercial lending practices for purposes of this reporting requirement an amount charged to the mortgager as points with respect to the acquisition of a principal residence will be treated as paid directly by the mortgager." Thus withheld points will be immediately deductible.
In the fiscal area, the measures taken also include the enhancement of Tax credits on borrowing under housing loans from financial institutions from Rs100,000 or 25pc of the income of the mortgager, to Rs500,000 or 40pc of the income of the mortgager, whichever is less.
The offer was good enough, Carter said, that PNC, the first mortgager, had accepted it.