|
|
Equity linked mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesReverse annuity mortgages (RAM)Reverse annuity mortgages (RAM)Bank loan for an amount equal to a percentage of the appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity. Mortgage pipelineMortgage pipelineThe period from the taking of applications from prospective mortgage borrowers to the marketing of the loans. Mortgage poolMortgage poolA group of mortgages with similar class, interest rate, and maturity characteristics. Guarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Variable rate mortgageVariable rate mortgageA mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK. Further SuggestionsFederal National Mortgage AssociationMortgage types Assumable mortgage General Mortgage Bond Mortgage interest deduction Government National Mortgage Association (Ginnie Mae) Closed end mortgage base rate tracker mortgage repayment mortgage Federal National Mortgage Association (FannieMae) Mortgage advance Mortgage broker Open end mortgage Mortgage payment protection insurance (MPPI) Second mortgage lending Purchase money mortgage capped rate mortgage Wrap Around Mortgage Reverse mortgage Wraparound mortgage Mortgage duration Euro mortgage Repayment mortgage Open End Mortgage Capped rate mortgage |
|
|
|