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Buy down mortgage |
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Buy down mortgageA home loan in which the lender receives a premium as an inducement to reduce the interest rate during the early years of the mortgage.Buy down mortgage Similar MatchesMIG Mortgage Indemnity GuaranteeMIG Mortgage Indemnity GuaranteeThis is insurance for the lender paid by the consumer in a one-off payment, on 'high' LTV mortgages. This protects the lender in the event that you default on the loan and the sale of the property is not enough to repay the amount that they are owed. Some lenders will insist you pay this if your mortgage is for as low as 75% of the value of the property, but 90% is a more common level. Some lenders will not insist on it regardless of the loan value. You can often add this fee to the loan, but be aware that you will then be paying interest on it until the loan is repaid in full. Open end mortgageOpen end mortgageMortgage against which additional debts may be issued. Related: Closed-end mortgage. Mortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs. Mortgage life insuranceMortgage life insuranceA life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured. Insured MortgageInsured MortgageA mortgage insured against loss to the mortgagee in the event of default and a failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure. May be insured by F.H.A., V.A., or by private mortgage insurance companies. Further SuggestionsCashback mortgagesGeneral Mortgage Bond Mortgage term Biweekly mortgage Balloon mortgage Veterans Administration (VA) mortgage remortgage Repayment mortgage Interest only mortgages Tracker mortgages Assumable mortgage Shared Appreciation Mortgage (SAM) Take back mortgage Mortgage broker shared appreciation mortgage Blanket mortgage Council of Mortgage Lenders Mortgage deed mortgage interest relief at source Blanket Mortgage commercial mortgage Equitable Mortgage Chattel Mortgage reverse annuity mortgage Variable rate mortgages |
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