An educational blog about home mortgages, financing, refinancing, mortgage rates, home loans, brokers and suggestions

This topic is almost silly to discuss considering that bad credit mortgages are partially responsible for the current economic situation…but I digress.  Prior to September 2008, lending institutions were allowed, some say pushed into, making loans to people who the banks knew could not afford the home they are attempting to purchase.  What happens when [...]

I know this might seem like a silly question, but have you ever actually looked at the word and picked it apart?  MORT-GAGE.  Mort, comes from Latin, which means death; and gage, also Latin, means pledge.  So what does this mean?  Simply put, mortgage literally translate to pledge until death.  And if you make it [...]