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What is the legal definition of self-cert mortgages?

Updated: 8/20/2019
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10y ago

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The legal definition of a self-cert mortgages is where the owner/buyer transfers to the lender an interest in real estate allowing the lender to secure a repayment of their debt.

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Q: What is the legal definition of self-cert mortgages?
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You can find more information about self-certification mortgages by researching online through financial websites, speaking with mortgage brokers or lenders who offer these products, or contacting financial advisors who specialize in mortgage products. It's important to thoroughly understand the terms, risks, and requirements associated with self-cert mortgages before considering them as an option.


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