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Index tracker mortgage |
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Index tracker mortgageThe interest rate tracks an index such as the base rate or LIBOR and often has a set percentage added to it.Index tracker mortgage Similar MatchesTake back mortgageTake back mortgageA loan made directly from the seller to the buyer. Mortgage cash surplusMortgage cash surplusMoney left over at the end of a mortgage term, over and above the amount required to pay back the debt. Adjustable Rate Mortgages (arms)Adjustable Rate Mortgages (arms)Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Mortgage Loans (AML'S), Flexible Rate Loans, Variable Rate Loans. Biweekly mortgage loanBiweekly mortgage loanA 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. Shared appreciation mortgageShared appreciation mortgageA loan that allows a lender or other party to share in the borrower's profits when the home is sold. Further SuggestionsStepped fixed rate mortgagevariable rate mortgage Mortgage term Government National Mortgage Association Reverse mortgage mortgagee Second mortgage lending Growing Equity Mortgage (GEM) Real Estate Mortgage Investment Conduit (REMIC) Federal National Mortgage Association Insured Mortgage Second Mortgage remortgage Mortgage pipeline first mortgage Blanket Mortgage Gnma (government National Mortgage Association) Options Shared Appreciation Mortgage (SAM) Conventional mortgage Stripped mortgage backed securities (SMBS) Renegotiable Rate Mortgage Mortgage REIT First mortgage Flexible mortgage Owner Will Carry Mortgage |
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