Fixed rate mortgage


 

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Fixed rate mortgage

A type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term.



Similar Matches

Reverse mortgage

Reverse mortgage

A 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 confirmation

Mortgage confirmation

When 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 Association

Federal 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 mortgage

Self amortizing mortgage

Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments.


Further Suggestions

second mortgage
Mortgage 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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