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Old 11-05-2009, 04:26 AM
btden182 btden182 is offline
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Default Mortgage Interest
I understand that mortgage interest is the interest the lender receives for lending money to the borrower to pay his mortgage. If a person doesn't need to borrow money to pay his mortgage does that person not pay mortgage interest?
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Old 11-05-2009, 10:17 PM
littleroc02us littleroc02us is offline
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Default Re: Mortgage Interest
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Originally Posted by btden182 View Post
I understand that mortgage interest is the interest the lender receives for lending money to the borrower to pay his mortgage. If a person doesn't need to borrow money to pay his mortgage does that person not pay mortgage interest?
That is a great question. If you paid cash for a house you wouldn't have to pay anyone interest much less the bank. The bank wants you to lend money from them so they can earn interest.
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Old 03-05-2010, 11:48 AM
georgees georgees is offline
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