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Balloon mortgage |
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Balloon mortgageA mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.Balloon mortgage Similar MatchesJunior mortgageJunior mortgageA mortgage that will be satisfied only after more senior mortgages have been satisfied. E.g., a first mortgage will be satisfied prior to a second or a third mortgage. Lehman Brothers Adjustable Rate Mortgage IndexLehman Brothers Adjustable Rate Mortgage IndexA benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index. Full status mortgageFull status mortgageA full status mortgage is for people who wish to make a lender aware of any previous arrears or debt problems they may have had. If they do not make the lender aware of these facts and they are latetr discovered, his could lead to all sorts of problems and the borrower could even be forced to sell the home. If you have a bad credit record some lenders will regard lending you money a high-risk activity. Many will not lend you money at all and when you can get a loan, you will undoubtedly have to pay a higher rate of interest than you would otherwise. Commercial mortgageCommercial mortgageA mortgage on a non residential building occupied by a business. Mortgage typesMortgage typesFor example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc. Further SuggestionsAssumable mortgagemortgage Lehman Brothers Mortgage Backed Securities Index Mortgage Wrap Around Mortgage Mortgage duration Real Estate Mortgage Investment Conduit (REMIC) Self certification mortgage Reverse mortgage Blanket mortgage Mortgage interest deduction Mortgage pool discounted rate mortgage Conventional mortgage First Mortgage Purchase money mortgage Mortgagee mortgage backed security One hundred percent mortgage MIG Mortgage Indemnity Guarantee Adjustable rate mortgage (ARM) Shared appreciation mortgage Mortgage broker Cooperative mortgages Mortgage incentives |
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