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    pay mortgage?

    0  Views: 353 Answers: 3 Posted: 14 years ago
    Dollybird

    No thanks, mine is paid.

    3 Answers

    if it comes down to eating or paying the mortage .. eat.. the banks dont go hungry..

    You NEVER pay your mortgage.  You PAY the loan to the financial institution. 


    A mortgage is some written instrument you sign pledging your house as collateral and agree to abide by the covenants set forth by the lender.


    A person pledging the house as collateral is a Mortgagor (one who gives or giver or mortgagor).  The bank then becomes the entity that receives your mortgage, or pledge, or a Mortgagee (one to receive ends is "ee").  Do NOT confuse the two.


     

    I'dd be grateful if you'd pay mine



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