General Mortgage Bond
General Mortgage BondIn the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by one or more other mortgages.
Biweekly mortgage loanBiweekly mortgage loan
A mortgage whereby the borrower makes a half monthly payment every two weeks instead of the usual 12 monthly payments. This arrangement results in 26 half monthly payments per year and a significant reduction in interest since an extra monthly payment is made.
Interest only mortgagesInterest only mortgages
With an interest-only mortgage, your monthly repayments to the lender consist only of interest on the total loan amount. The interest payments will vary depending on the interest rate being charged by the lender at the time. This type of mortgage involves paying the lowest possible monthly outlay to the lender, as no capital is included in the repayment. Instead of repaying the capital, regular payments are put aside in a suitable investment or savings plan. This grows cumulatively and assumptions are made regarding its growth in order to calculate a monthly repayment figure. If you are fortunate, the investment will accumulate at a higher rate than is required to pay back your loan on time, resulting in a cash surplus at the end of the term. This is not always the case however, and sometimes there can be a cash deficit at the end of the term.
Growing Equity Mortgage (GEM)Growing Equity Mortgage (GEM)
Mortgage with a fixed interest rate and payments that increase throughout the term of the mortgage.
Wraparound mortgageWraparound mortgage
A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed Securities
Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments.
Further SuggestionsBi weekly mortgage loan
Private Mortgage Insurance
senior mortgage bond
Index tracker mortgage
Cap & collar mortgage
Adjustable rate mortgage (ARM)
Wrap Around Mortgage
reverse annuity mortgage
mortgage interest relief at source
Government National Mortgage Association
Private Mortgage Insurance (PMI)
Federal National Mortgage Association