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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 MatchesBiweekly mortgageBiweekly mortgageA mortgage that requires payments every two weeks and helps repay the loan over a shorter term. MortgageeMortgageeA company or institution such as a bank or building society which makes loans secured by property and the land on which it is built. MortgageeMortgageeThe party lending the money and receiving the mortgage. Some states treat the mortgagee as the "legal" owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view. Mortgage interest relief at sourceMortgage interest relief at sourceThe mechanism by which income tax relief was extended to a borrower on the interest paid on the first £30,000 of a mortgage on their main home.The system was known as MIRAS, and was operated by most building societies, banks and insurance companies, who would reduce the amount of interest eligible borrowers had to pay every month, and then claim the tax relief back from the Inland Revenue.The amount of relief available on MIRAS was gradually scaled down to 10% and ended altogether from 6th April 2000. MortgageMortgage(1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan. Further SuggestionsOpen End MortgageShared Appreciation Mortgage (SAM) Tracker mortgages second mortgage Mortgage Lehman Brothers Mortgage Backed Securities Index Purchase money mortgage interest only mortgage Residential mortgage Flexible mortgage Lifetime reverse mortgage Mortgage pipeline risk Senior mortgage bond Low start mortgage First mortgage mortgage interest deduction Package mortgage Assumable mortgage mortgage broker Growing Equity Mortgage (gem) Deferred interest mortgage Mortgage deed First Mortgage mortgage life insurance Stripped mortgage backed securities (SMBS) |
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