Mortgage Rates | Current Mortgage Interest Rates 2017-18 TRINITY CA
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This article is an interesting read for borrowers. It should expand their knowledge in terms of where these things originated at the first place and what truly does it mean and the camouflage it uses in today’s world that has been accepted as industry jargons and people not realising its root. It has less to do with how one should be managing his mortgage but I felt it should be a good read for mortgage borrowers.
If we go back to understanding the meaning of the real estate. The word real is such a camouflage. As if it something for real. It’s not fake. If you go back to history books you will understand that the word Real means Regal and was first coined in France meaning Royal.
Since then the word has been applied at many places. Real Madrid that is your Spanish foot ball club as if it were real and Real which is the currency of Spain.
Truly the word real means what belongs to the Royals and not you. In past Land belong to the king and if you were to use that piece of land. You were to pay to the landlord who happened to be agents of kings who would collect the sum and pay it to the king.
So as per Robert Kiyosaki. The author of rich dad and poor dad. He says that no matter what you do. Real estate never belongs to you it always belongs to the royals as you end up paying property tax to the government.
Mortgage is a pledge of debt and finance is penalty. Mortgage or home loan is a loan to finance the purchase of real estate on which the mortgage borrower would pay interest over a period of time and till then the borrower gives the lender legal claim to the property as security that is collateral for the loan.
In French MORTGAGE is made of two words. MORT which means DEAD (so now you know where the word MORTUARY comes from) and GAGE which means pledge.
Meaning either the borrower will die paying for the mortgage in which case the pledge will end or the property will be taken through foreclosure in which case the pledge will end or when the borrower fulfils the pledge as promised when the pledge would end.
Call Trinity CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
30 yr fixed refi 3.807% APR 3.775%Rate | At 0 pts
20 yr fixed refi 3.500%APR 3.500% Rate | At 0 pts
15 yr fixed refi 3.044%APR 3.000% Rate | At 0 pts
10 yr fixed refi 2.940%APR 2.875% Rate | At 0 pts
Artical by Roger Shanker
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