| to be a bona fide purchaser for value. The grantee in a quitclaim deed assumes no first west mortgage title than what the grantor possessed. However if the quitclaim meets certain provisions, the grantee may be considered a bona fide purchaser in some juristictions. In the Commonwealth of Massachusetts, a first west mortgage deed is known as a release deed. An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the first west mortgage They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The borrower benefits if the interest rate falls and loses out if interest rates rise. Variable rate mortgages are first west mortgage most common form of loan for house purchase in the United Kingdom but are |
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