Lien
A lien is a claim or a legal right against assets that are being used to secure a debt. In the case of a mortgage, your lender places a lien on your house to secure your mortgage debt. This means they have a right to maintain possession of your home until your mortgage has been paid off in full.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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