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First mortgage |
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First mortgageA type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default.First mortgageThe original loan taken out to purchase a home.First MortgageA mortgage on property that is superior in position to any other mortgage.First mortgageA mortgage which carries priority over any subsequent mortgages if the borrower goes into default and his/her assets have to be sold to pay creditors.Similar MatchesOpen End MortgageOpen End MortgageA mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage. Full status mortgageFull status mortgageA full status mortgage is for people who wish to make a lender aware of any previous arrears or debt problems they may have had. If they do not make the lender aware of these facts and they are latetr discovered, his could lead to all sorts of problems and the borrower could even be forced to sell the home. If you have a bad credit record some lenders will regard lending you money a high-risk activity. Many will not lend you money at all and when you can get a loan, you will undoubtedly have to pay a higher rate of interest than you would otherwise. 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. Take back mortgageTake back mortgageA loan made directly from the seller to the buyer. MortgageMortgageA loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years. In the UK, the most common forms of mortgage are the repayment mortgage and the interest only mortgage. Further Suggestionsreverse annuity mortgageBlanket mortgage interest only mortgage Buy down mortgage Junior mortgage Mortgage incentives Equity linked mortgage Mortgage Servicing Remortgage Mortgagee Shared appreciation mortgage Mortgage Insurance H Hard Money Mortgage Cooperative mortgages Pension mortgage Mortgage Banker Government National Mortgage Association (Ginnie Mae) Purchase money mortgage Mortgage Company Direct Reduction Mortgage Council of Mortgage Lenders Cap & collar mortgage Mortgage application pension mortgage Mortgage pipeline |
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