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Insured Mortgage |
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Insured MortgageA mortgage insured against loss to the mortgagee in the event of default and a failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure. May be insured by F.H.A., V.A., or by private mortgage insurance companies.Insured Mortgage Similar MatchesMortgage typesMortgage typesFor example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc. 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. Mortgage termMortgage termThe period over which the mortgage loan is to be repaid. One hundred percent mortgageOne hundred percent mortgageA loan for the full cost of the home you are buying if are unable to raise a deposit to buy a property. You may have no existing equity, no savings, be using up all you do have on the other costs of the move, or perhaps be saving what you do have so that you can fix up your new home when you do buy it. Adjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Mortgage Company Growing Equity Mortgage (gem) Private Mortgage Insurance mortgage backed security First mortgage reverse annuity mortgage Cooperative mortgages Variable rate mortgages mortgagee Consolidated mortgage bond Low start mortgage interest only mortgage Veterans Administration (VA) mortgage H Hard Money Mortgage capped rate mortgage mortgage life insurance Conventional mortgage All inclusive Trust Deed (wrap around mortgage) commercial mortgage remortgage Wraparound mortgage Self certification mortgage Mortgage Broker Mortgage payment protection insurance (MPPI) |
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