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Equity linked mortgage |
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Equity linked mortgageThe lender takes ownership of a stake in the equity of the property. This means that they lend you less than the full amount that is required to buy the home. Interest is only charged on the amount that they lend you and not on the full value of the property. When you sell the property, the lender receives payment in proportion to the amount of equity that they own, and therefore benefits from any increase in the price of the property.Equity linked mortgage Similar MatchesCap & 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. Alternative mortgage instrumentsAlternative mortgage instrumentsVariations of mortgage mortgage such as mortgage and variable-rate mortgages, mortgage, mortgage and several seldom-used variations. Interest only mortgagesInterest only mortgagesWith an interest-only mortgage, your monthly repayments to the lender consist only of interest on the total loan amount. The interest payments will vary depending on the interest rate being charged by the lender at the time. This type of mortgage involves paying the lowest possible monthly outlay to the lender, as no capital is included in the repayment. Instead of repaying the capital, regular payments are put aside in a suitable investment or savings plan. This grows cumulatively and assumptions are made regarding its growth in order to calculate a monthly repayment figure. If you are fortunate, the investment will accumulate at a higher rate than is required to pay back your loan on time, resulting in a cash surplus at the end of the term. This is not always the case however, and sometimes there can be a cash deficit at the end of the term. Multifamily mortgageMultifamily mortgageA mortgage on a multifamily dwelling with more than four families, typically an apartment building. 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. Further SuggestionsSecond mortgage lendingOne hundred percent mortgage Mortgage broker Mortgage pool Mortgage Backed Securities Clearing Corporation (MBSCC) Bi weekly mortgage loan Mortgage arrears first mortgage Reverse annuity mortgages (RAM) flexible mortgage account shared appreciation mortgage Mortgage duration Wholesale mortgage banking Chattel Mortgage Second Mortgage Lifetime reverse mortgage Adjustable Rate Mortgages (arms) Remortgage Mortgage deed Freddie Mac (Federal Home Loan Mortgage Corporation) Renegotiable Rate Mortgage second mortgage Open end mortgage Junior mortgage Mortgagee |
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