Category Loans
The Basics of Mortgage Refinancing
by Bryan Lane Berson, Esq. Download PDF: Refinancing Mortgages A. Why Do Borrowers Refinance? When you refinance a mortgage, you replace your current mortgage with a new one that has a different interest rate, maturity, or both. People refinance for a variety of reasons. They may want to – reduce their interest rate or monthly […]
Loans, Mortgages, and Liens
by Bryan Lane Berson, Esq. Collateral is an essential component of loan transactions. Realty (i.e., real estate) or personalty (i.e., personal property) can serve as collateral. The creditor’s (i.e., lender) interest in the collateral depends on the transaction, loan, property, and law. The debtor (i.e., borrower) will acknowledge that it is conveying an interest to […]
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