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Bi weekly mortgage loan |
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Bi weekly mortgage loanA mortgage loan on which mortgage and mortgage payments are made every half-month (total of 26 payments) as opposed to monthly payments. This results in earlier loan mortgage.Bi weekly mortgage loan Similar MatchesGuarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Guaranteed Mortgage Certificates (GMC)Guaranteed Mortgage Certificates (GMC)First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac. Blanket MortgageBlanket Mortgage(1) A mortgage covering more than one property of the mortgagor, such as a mortgage covering all the lots of a builder in a subdivision. (2) A mortgage covering all real property of the mortgagor, both present and future. When used in this meaning it is also called a "general mortgage". Reverse mortgageReverse mortgageA mortgage that permits elderly people who own their home outright to receive an income with the home as collateral. The loan is repaid plus interest either at the end of the term or on the death of the borrower when the property would be sold. Open end mortgageOpen end mortgageMortgage against which additional debts may be issued. Related: Closed-end mortgage. Further SuggestionsWrap Around MortgageLehman Brothers Mortgage Backed Securities Index graduated payment mortgage Mortgage Life Insurance Fixed term reverse mortgage Biweekly mortgage Package mortgage Euro mortgage Conventional mortgage Mortgage broker First mortgage Consolidated mortgage bond First Mortgage mortgage broker Capped rate mortgage Reverse annuity mortgages (RAM) shared appreciation mortgage Private Mortgage Insurance pension mortgage fixed rate mortgage Real Estate Mortgage Investment Conduit (REMIC) All inclusive Trust Deed (wrap around mortgage) Deferred interest mortgage mortgage mortgage interest relief at source |
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