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Mortgage advance |
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Mortgage advanceThe money loaned to the buyer, by the lender.Mortgage advance Similar MatchesGovernment National Mortgage AssociationGovernment National Mortgage AssociationIn the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae. Federal Home Loan Mortgage Corporation (FHLMC)Federal Home Loan Mortgage Corporation (FHLMC)See: Freddie Mac Mortgage InsuranceMortgage InsuranceInsurance written by a private mortgage insurance company (referred to as an 'PIC') protecting the mortgage lender against loss incurred by a mortgage default, thus enabling the lender to lend a higher percentage of the sale price. The Federal Government writes this form of insurance through the FHA and the VA. Gnma (government National Mortgage Association) OptionsGnma (government National Mortgage Association) OptionsA method of purchasing GNMA securities through "puts" and calls." A GNMA Call Option is the right to buy GNMA securities at a specific yield for a specified time, A Put Option is the right to sell GNMA securities at a specific yield for a specified time. The buyer pays for the option and may exercise it, not exercise it, or sell it. Guarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Further SuggestionsSelf certification mortgageGuaranteed Mortgage Certificates (GMC) Private Mortgage Insurance (PMI) Mortgage types Mortgage Backed Securities Clearing Corporation (MBSCC) Mortgage Life Insurance Collateralized mortgage obligation (CMO) Federal Agricultural Mortgage Corporation (Farmer Mac) mortgage interest deduction Full status mortgage Blanket mortgage Multifamily mortgage Second Mortgage Federal National Mortgage Association second mortgage capped rate mortgage Open End Mortgage Mortgage Servicing mortgage backed security H Hard Money Mortgage flexible mortgage account Mortgage broker shared appreciation mortgage base rate tracker mortgage Standing mortgage |
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