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Blanket Mortgage |
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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 MatchesGraduated Payment MortgageGraduated Payment MortgageA mortgage or deed or trust calling for increasingly higher payments over the term of the loan. This allows the buyer low beginning payments. The payments then increase as (theoretically) the buyer's earnings increase. Senior mortgage bondSenior mortgage bondA mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation. Multifamily mortgageMultifamily mortgageA mortgage on a multifamily dwelling with more than four families, typically an apartment building. Joint mortgageJoint mortgageA mortgage shared jointly between two people with the agreement that if one dies, the other automatically inherits their share. Equitable MortgageEquitable Mortgage(1) A lien against real property (mortgage)which is enforceable in a court of equity, but does not legally constitute a mortgage. (2) A deed given as security for a debt will be held to be a mortgage rather than a transfer of title. Also called a constructive mortgage. Further SuggestionsSelf amortizing mortgageMortgage pipeline Shared Appreciation Mortgage (SAM) First mortgage Secondary mortgage market Mortgagee Federal Agricultural Mortgage Corporation (Farmer Mac) Mortgage Bonds Insured Mortgage Mortgage pipeline risk Balloon mortgage Collateralized mortgage obligation (CMO) Remortgage Renegotiable Rate Mortgage Government National Mortgage Association (Ginnie Mae) Cooperative mortgages remortgage Cashback mortgages Mortgagee Mortgage lien biweekly mortgage loan Mortgage application fee Federal National Mortgage Association Mortgage term Conventional mortgage |
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