answersLogoWhite

0

What states first offered mortgages?

User Avatar

Anonymous

14y ago
Updated: 8/19/2019

The concept of mortgages dates from as early as 1190. Early English Common Law provided a creditor with an interest in the debtor's property. According to law, a mortgage was a conditional sale of the land to the lender who supplied the purchase money. If the loan was paid off the ownership of the land was released back to the mortgagor free and clear of the debt.

Therefore, the legal concept of mortgages came to the New World with the earliest settlers. It did not originate in any state.

The concept of mortgages dates from as early as 1190. Early English Common Law provided a creditor with an interest in the debtor's property. According to law, a mortgage was a conditional sale of the land to the lender who supplied the purchase money. If the loan was paid off the ownership of the land was released back to the mortgagor free and clear of the debt.

Therefore, the legal concept of mortgages came to the New World with the earliest settlers. It did not originate in any state.

The concept of mortgages dates from as early as 1190. Early English Common Law provided a creditor with an interest in the debtor's property. According to law, a mortgage was a conditional sale of the land to the lender who supplied the purchase money. If the loan was paid off the ownership of the land was released back to the mortgagor free and clear of the debt.

Therefore, the legal concept of mortgages came to the New World with the earliest settlers. It did not originate in any state.

The concept of mortgages dates from as early as 1190. Early English Common Law provided a creditor with an interest in the debtor's property. According to law, a mortgage was a conditional sale of the land to the lender who supplied the purchase money. If the loan was paid off the ownership of the land was released back to the mortgagor free and clear of the debt.

Therefore, the legal concept of mortgages came to the New World with the earliest settlers. It did not originate in any state.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What services are offered by Lloyds TSB Mortgages?

Lloyds TSB Mortgages is a company that offers help with basically anything that deals with mortgages. This would include first time mortgages, re-mortgaging, and buy-to-let mortgages.


What rates are offered on RBS mortgages?

The rates offered by RBS on mortgages are always subject to change depending on the health of the financial markets. They are currently offering a rate of 2.59% on 6 year fixed rate mortgages.


What types of mortgages does CIBC offer?

CIBC offers mortgages such as Variable Rate Mortgages and Fixed Rate Mortgages. You can learn more about the types of mortgages offered by the CIBC company at the CIBC website.


What types of mortgages are offered by Halifax UK?

Halifax UK offers a variety of mortgages which include first time buyers, if you are moving your home, remortgaging, switching mortgage deals, buy to let, additional borrowing, and help with existing mortgages.


What are commercial mortgages good for?

Commercial mortgages are good for businesses looking to purchase properties to use for commercial purposes. These mortgages are offered by various banks and financial institutions today.


Where can one find information on some of the best deals in regards to mortgages?

The Federal Deposit Insurance Corporation (FDIC) has a website offered by the government of the United States that gives many links on how to get information on mortgages. There is even help for people with credit issues.


What kind of mortgages are offered by Central Mortgage?

The mortgages offered by Central Mortgage include the following: 30 years fixed, 15 years fixed, and 5/1 ARM which are low initial rates that can increase.


What fixed mortgage rate is offered in Canada?

"There are different kinds of fixed mortgages that are offered in Canada, such as 1-, 3-, and 5- year fixed mortgages. The going rate is around 3.5 %, but varies depending on the market, etc."


Are reversible mortgages available in Texas?

Yes, reverse mortgages are available in all 50 states.


What are the current mortgage rates offered by Comerica bank?

There are many differing types of mortgages offered by the Comerica Bank. These will vary from long term fixed rate mortgages to adjustable rate mortgages or interest only loans. The exact rate of interest will vary from time to time so it is impossible to give a definitive figure.


Is Colorado an exempt state for reverse mortgages?

Reverse mortgages are offered in all 50 states including Colorado. If the question refers to personal guarantee exemption, any HECM reverse mortgage qualifies regardless of location as there is no personal recourse to borrowers any any circumstance with a HECM reverse mortgage.


What company offers the best consolidation mortgages?

The best consolidation mortgages are offered by the American Equity company. Once on the website, you can use the online application form to apply online.