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Cap & collar mortgage |
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Cap & collar mortgageThis is a mortgage that has both a top and bottom limit set for the interest rate. It is a very safe and risk free type of mortgage, as you are protected against intetrest rate rises above a certain point, but you are losing some of the potential gains if interest rates drop.Cap & collar mortgage Similar MatchesRemortgageRemortgageThe arranging of alternative finance for the purchase of a property which is already mortgaged. For example obtaining a mortgage with a lower interest rate to replace the existing mortgage. Mortgage BankerMortgage BankerA company providing mortgage financing with its own funds rather than simply bringing together lender and borrower, as does a mortgage broker. Although the mortgage banker used its own funds, these funds are generally borrowed and the financing is either short term or, it long term, the mortgages are sold to investors (many times insurance companies) within a short time. 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. Adjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Mortgage backed securityMortgage backed securityA security, backed by one or more mortgages. Further SuggestionsSelf certification mortgageBlanket mortgage reverse mortgage MIG Mortgage Indemnity Guarantee Self build mortgage interest only mortgage mortgage protection Mortgage application Repayment mortgage Fixed term reverse mortgage Federal Agricultural Mortgage Corporation (Farmer Mac) Chattel Mortgage First Mortgage Mortgage Bonds Mortgage Life Insurance Mortgage lien Remortgage pension mortgage Federal National Mortgage Association Gnma (government National Mortgage Association) Options endowment mortgage Conventional mortgage Biweekly mortgage Federal National Mortgage Association first mortgage |
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