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H Hard Money Mortgage |
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H Hard Money MortgageA mortgage given in return for cash, rather than to secure a portion of the purchase price, as with a purchase money mortgage.H Hard Money Mortgage Similar MatchesFederal National Mortgage AssociationFederal National Mortgage AssociationIn the US, a government-backed corporation which purchases mortgages from lenders and resells them to investors. It is financed by the issue of debt securities. Equity shares, known as Fannie Maes, are traded on the New York Stock Exchange. Repayment mortgageRepayment mortgageEach month you will make a repayment to the mortgage lender. Part of this payment will go towards reducing the total amount of capital you owe and part of it will be an interest charge on the remaining balance of the mortgage. Unless interest rates change or your introductory offer period ends, you pay the same amount each month. When one of these things does happen, repayments are altered so that the loan is still repaid at the end of the specified term. Capped rate mortgageCapped rate mortgageAs with all variable rate mortgages, the rate follows the lender's SVR up and down. The difference with this type of mortgage is that the rate is guaranteed not to go above the level at which it is 'capped'. This type of mortgage is popular in times of steadily rising interest rates. Conventional mortgageConventional mortgageA loan based on the credit of the borrower and on the collateral for the mortgage. Pension mortgagePension mortgageA type of interest-only mortgage where your mortgage payments are combined with payments into your personal pension fund. This is designed to mature on your retirement, so the mortgage loan term must end between the ages of 50 and 75 unless the borrower is in an industry where the Inland Revenue permits earlier retirement. The pension also needs to provide you with an income during retirement, so only twenty five percent of the pension fund can be taken as a lump sum to pay of your mortgage. Further SuggestionsRenegotiable Rate MortgageInterest only mortgages Commercial Mortgage Backed Securities Mortgage Wraparound mortgage Self build mortgage One hundred percent mortgage shared appreciation mortgage Bi weekly mortgage loan mortgage All inclusive Trust Deed (wrap around mortgage) Foreign currency mortgage Mortgage pipeline Open end mortgage Stepped fixed rate mortgage Stepped discount mortgage Mortgage Banker Lifetime reverse mortgage mortgage life insurance Direct Reduction Mortgage Real Estate Mortgage Investment Conduit (REMIC) Second Mortgage Government National Mortgage Association (Ginnie Mae) GEM (growing equity mortgage) Variable rate mortgages |
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