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Joint mortgage |
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Joint mortgageA mortgage shared jointly between two people with the agreement that if one dies, the other automatically inherits their share.Joint mortgage Similar MatchesFixed rate mortgageFixed rate mortgageA type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term. Government National Mortgage Association (Ginnie Mae)Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages. Federal Home Loan Mortgage Corporation (FHLMC)Federal Home Loan Mortgage Corporation (FHLMC)See: Freddie Mac Non status mortgageNon status mortgageMainly for people whose income is difficult to assess using the standard method adopted by most conventional mortgage lenders. Bonuses, commission and seasonal work can cause income to vary over time or be difficult to guarantee and this may not be considered acceptable in order to get a loan. The main groups of people that opt for self-certification mortgages are: self-employed and unsalaried company directors, contract workers (increasingly common in technology-based industries), commission-based workers (often in sales, recruitment etc.), people with seasonal earnings. The interest rate you are charged will be higher to compensate the lender for the increased risk. Wholesale mortgage bankingWholesale mortgage bankingThe purchasing of loans originated by others, for the acquisition of the servicing rights. Further SuggestionsIndex tracker mortgageWraparound mortgage Mortgage code arbitration scheme Buy down mortgage Mortgage lien Freddie Mac (Federal Home Loan Mortgage Corporation) interest only mortgage Open End Mortgage Balloon mortgage base rate tracker mortgage Wrap Around Mortgage mortgagee Mortgage Banker First Mortgage Mortgage arrears remortgage mortgage indemnity Variable rate mortgages Shared Appreciation Mortgage (SAM) Federal National Mortgage Association Alternative mortgage instruments mortgage interest relief at source Gnma (government National Mortgage Association) Options Pension mortgage General Mortgage Bond |
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