first priority mortgage

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and evaluate potential borrowers. The commercial first priority mortgage industry is most often accessed through brokers, who provide an evaluation of a borrower and then recommend the loan to a number of different commercial lenders whom they feel will be most likely to fund the borrower's request. An owner-occupier is a person who lives in a house that he or she owns. Owner-occupancy is therefore also called home ownership. This category of housing tenure is economically important for two reasons.In 2003, first priority mortgage U.S. residential mortgage production reached a record level of $3.8 first priority mortgage through record low interest rates (though these continue to vary according to credit rating "Lenders look at second mortgage applications with more scrutiny than they do the first mortgage applications," says Simmons. A mortgage (from Law French, lit. "dead pledge") is a device developed in the common law world, whereby the ownership of property is passed from one person, the mortgagor, to another, the mortgagee, in return for the loan of money. The mortgagee is prevented from first priority mortgage his rights of ownership by the rules of equity so long as the interest on the loan is paid. Historically this distinguished a mortgage from other legal devices such as a lien, first priority mortgage or pledge, but in most common law jurisdictions the operations of mortgages has been changed so that these concepts have merged