Who holds the deed when you have a mortgage? A mortgage grants ownership of your home to the lender which will transfer the title back to you after the loan is paid. A deed of trust conveys the title to a third-party trustee acting on behalf of the mortgage company which will then place a mortgage lien against your home.
Can a personal loan be used to buy a house? Mortgage Guide Although it is always better to save a deposit of your own, it is possible to use a personal loan as... more