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Fixed rate mortgage |
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Fixed rate mortgageA type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term.Similar MatchesReverse mortgageReverse mortgageA mortgage agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in full or takes the house. Mortgage confirmationMortgage confirmationWhen you get a written confirmation of your offer, you usually receive two things. Firstly, there will usually be some form of standard covering letter, thanking you for your hugely valued business and welcoming you into a family of customers that have their mortgage lender in common. In addition to the letter, you will receive a written mortgage confirmation. This will normally set out some of your personal details, some facts about the property, your salary details, your solicitors (if you have appointed them by this stage), and will require a signature. Federal National Mortgage AssociationFederal National Mortgage Association(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages. Government National Mortgage Association (Ginnie Mae)Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages. Self amortizing mortgageSelf amortizing mortgageMortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments. Further Suggestionssecond mortgageMortgage Bonds Private Mortgage Insurance (PMI) Mortgage duration remortgage repayment mortgage Council of Mortgage Lenders Mortgage broker All inclusive Trust Deed (wrap around mortgage) Mortgage application fee Guaranteed Mortgage Certificates (GMC) Blanket Mortgage Mortgage arrears Mortgage interest deduction Mortgage Servicing Residential mortgage Interest only mortgages pension mortgage Junior mortgage Self certification mortgage Collateralized mortgage obligation (CMO) Bi weekly mortgage loan Wraparound mortgage Private Mortgage Insurance Portable mortgage |
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