Who invented the mortgage?

Answer The mortgage was invented by the Athenians around 6000 B.C. They actually had columns, named "mortgage columns," built and standing in fields stating who owed money on land and how much.Source:Virg... Read More »

Top Q&A For: Who invented the mortgage

Who invented mortgage backed securities?

Mortgage-backed securities (MBSs) were not invented by any one person but rather developed as a tradable entity over time, beginning in the 1970s, and were first introduced by the Government Nation... Read More »

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »

Does Saxon Mortgage have a grace period for mortgage payments?

According to Saxon's website, the mortgage lender does have a grace period for mortgage payments. If a borrower goes past his grace period, Saxon assesses a late fee. The company offers online paym... Read More »

What Do Mortgage Companies Charge When a Home Mortgage Is Paid Off?

Selling or refinancing a home usually involves paying off an existing mortgage. In calculating a payoff, which will satisfy and zero out the balance, all unpaid fees and interest must be included, ... Read More »