Insured Mortgage


 

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Insured Mortgage

A 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 Matches

Mortgage types

Mortgage types

For example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc. 


Repayment mortgage

Repayment mortgage

Each 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 term

Mortgage term

The period over which the mortgage loan is to be repaid.


One hundred percent mortgage

One hundred percent mortgage

A 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 Suggestions

Guaranteed 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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