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Low start mortgage |
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Low start mortgageThis is like a repayment mortgage, but with a difference. In the introductory period, only interest is paid back to the lender and not any of the capital outstanding. After this period, the repayments start in earnest. The total amount of interest and repayments over the life of the year are higher than with a normal repayment mortgage, but this sacrifice can be worth it if you need to severely restrict your outgoings during the low start period.Low start mortgage Similar MatchesMortgage CompanyMortgage CompanyA company authorized to service real estate loans, charging a fee for this service. Joint mortgageJoint mortgageA mortgage shared jointly between two people with the agreement that if one dies, the other automatically inherits their share. First mortgageFirst mortgageA mortgage which carries priority over any subsequent mortgages if the borrower goes into default and his/her assets have to be sold to pay creditors. Mortgage interest deductionMortgage interest deductionA federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. Multifamily mortgageMultifamily mortgageA mortgage on a multifamily dwelling with more than four families, typically an apartment building. Further SuggestionsOne hundred percent mortgageLifetime reverse mortgage GEM (growing equity mortgage) Blanket mortgage Graduated Payment Mortgage Conventional mortgage reverse annuity mortgage Interest only mortgages mortgage protection mortgage indemnity Flexible mortgage Private Mortgage Insurance (PMI) Mortgage debt First mortgage Veterans Administration (VA) mortgage Mortgage Broker mortgage Repayment mortgage adjustable rate mortgage mortgage life insurance Closed end mortgage Council of Mortgage Lenders commercial mortgage Variable rate mortgages Federal Home Loan Mortgage Corporation (FHLMC) |
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