|
|
Fixed rate mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Fixed rate mortgageA type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term.Similar MatchesEndowment mortgageEndowment mortgageAn interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which is assigned to the lender providing the mortgage. The policyholder pays the lender's interest only, for the term of the mortgage. The sum assured, which is payable on maturity or prior death of the policyholder, is used to repay the mortgage. Policies are usually with profits (or low cost endowment), unit linked or unitised with profits and sometimes this provides some additional capital for the policyholder after the lender has been repaid. Stepped discount mortgageStepped discount mortgageWhere the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary. MortgageeMortgageeA company or institution such as a bank or building society which makes loans secured by property and the land on which it is built. Mortgage interest deductionMortgage interest deductionIn the US, an allowable federal tax deduction for the annual interest paid on a mortgage. Lehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA). Further SuggestionsStripped mortgage backed securities (SMBS)Mortgage cash surplus Council of Mortgage Lenders Self certification mortgage Lifetime reverse mortgage Multifamily mortgage Flexible mortgage Collateralized mortgage obligation (CMO) Biweekly mortgage Mortgage lien mortgage protection Mortgage types Guarantee mortgage Foreign currency mortgage interest only mortgage Mortgage incentives Mortgage payment protection insurance (MPPI) MIG Mortgage Indemnity Guarantee Remortgage second mortgage Mortgage Backed Securities Clearing Corporation (MBSCC) Equity linked mortgage Second mortgage lending Mortgage confirmation Junior mortgage |
|
|
|