Posted on: 29th Sep, 2010 01:08 pm
please could explain me what is the main difference in case of British mortgage and American Mortgage system.
First easy answer that comes to mind for me is this: Atlantic Ocean.
Sorry...I haven't a clue about the mortgage industry in the UK, so wouldn't be able to handle this question other than being foolish as above.
Sorry...I haven't a clue about the mortgage industry in the UK, so wouldn't be able to handle this question other than being foolish as above.
welcome marufemon,
as far as i know, the basic concepts regarding uk mortgage and us mortgage are similar. however, the terms may vary. for example, refinance is known as re-mortgage in uk. the concept of loan modification is known as restructuring of mortgage in uk.
as far as i know, the basic concepts regarding uk mortgage and us mortgage are similar. however, the terms may vary. for example, refinance is known as re-mortgage in uk. the concept of loan modification is known as restructuring of mortgage in uk.
