The 3,000 year-old Manusmriti, or “Code of Manu,” was one of the earliest traces of mortgage law in the world; the text emphasizes the creation of valid documents, law of mortgages, hypothecation, partnership and joint ventures to such a concise degree that it was used as a basis for Modern Indian law by the British in the 1800s. Although contemporary mortgage lenders and borrowers may not be familiar with the script, such historical documents provided the basis for modern mortgages used today — although to compare mortgages from 3,000 years ago with today’s mortgages probably wouldn’t help those looking for home mortgage lenders!
Tips for New Mortgage-Borrowers
Buying a home is a big step for anyone to take, especially the first-time home buyer. Two of the most important fac