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Closed end mortgage |
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Closed end mortgageMortgage against which no additional debt may be issued.Closed end mortgage Similar MatchesLehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA). Lifetime reverse mortgageLifetime reverse mortgageA type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid. Cap & collar mortgageCap & 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. Lehman Brothers Adjustable Rate Mortgage IndexLehman Brothers Adjustable Rate Mortgage IndexA benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index. One hundred percent mortgageOne hundred percent mortgageA loan for the full cost of the home you are buying if are unable to raise a deposit to buy a property. You may have no existing equity, no savings, be using up all you do have on the other costs of the move, or perhaps be saving what you do have so that you can fix up your new home when you do buy it. Further SuggestionsMortgage Backed Securities Clearing Corporation (MBSCC)Renegotiable Rate Mortgage Low start mortgage Repayment mortgage Mortgage Company graduated payment mortgage shared appreciation mortgage Equity linked mortgage Blanket mortgage Tracker mortgages Mortgage pool biweekly mortgage loan Assumable mortgage Adjustable rate mortgage (ARM) Mortgage Life Insurance Mortgage broker Portable mortgage Mortgage arrears endowment mortgage Mortgage lien adjustable rate mortgage Mortgage Broker Capped rate mortgage flexible mortgage account Shared Appreciation Mortgage (SAM) |
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