|
|
Blanket Mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Blanket MortgageA mortgage that covers at least two pieces of real estate as collateral for the same mortgage.Blanket mortgageA mortgage that covers more than one property owned by the same borrower.Blanket 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".Blanket Mortgage Similar MatchesSenior mortgage bondSenior mortgage bondA bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. Mortgage typesMortgage typesFor example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc. Shared appreciation mortgageShared appreciation mortgageA loan that allows a lender or other party to share in the borrower's profits when the home is sold. MortgageeMortgageeThe party lending the money and receiving the mortgage. Some states treat the mortgagee as the "legal" owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view. Government National Mortgage AssociationGovernment National Mortgage AssociationIn the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae. Further SuggestionsSecond MortgageClosed end mortgage General Mortgage Bond Mortgage interest deduction Owner Will Carry Mortgage Full status mortgage Interest only mortgages base rate tracker mortgage commercial mortgage First mortgage Mortgage debt shared appreciation mortgage Mortgage pool fixed rate mortgage Foreign currency mortgage Mortgage term Buy down mortgage Cashback mortgages Residential mortgage Collateralized mortgage obligation (CMO) Federal National Mortgage Association Portable mortgage adjustable rate mortgage Veterans Administration (VA) mortgage capped rate mortgage |
|
|
|