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Mortgage backed security |
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Mortgage backed securityA security, backed by one or more mortgages.Similar MatchesCap & collar mortgageCap & collar mortgageThis is a mortgage that has both a top and bottom limit set for the interest rate. It is a very safe and risk free type of mortgage, as you are protected against intetrest rate rises above a certain point, but you are losing some of the potential gains if interest rates drop. Guarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Chattel MortgageChattel MortgageA loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property. Reverse annuity mortgageReverse annuity mortgageA mortgage that permits elderly people who own their home outright to receive an income for life in return for gradually relinquishing ownership in the property. Graduated payment mortgageGraduated payment mortgageA mortgage scheme in which monthly payments commence at a lower level and increase over a period of a few years to a higher level which is subsequently maintained. Further SuggestionsSecondary Mortgage MarketMortgage duration First mortgage Capped rate mortgage pension mortgage Freddie Mac (Federal Home Loan Mortgage Corporation) Wrap Around Mortgage Junior mortgage Mortgage REIT Adjustable Rate Mortgages (arms) Mortgage pipeline Direct Reduction Mortgage Private Mortgage Insurance GEM (growing equity mortgage) Shared Appreciation Mortgage (SAM) Mortgage reference fee Index tracker mortgage Lifetime reverse mortgage Mortgage pipeline risk Flexible mortgage All inclusive Trust Deed (wrap around mortgage) Wholesale mortgage banking Full status mortgage Balloon mortgage Blanket mortgage |
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