|
|
Mortgage backed security |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage backed securityA security, backed by one or more mortgages.Similar MatchesCapped rate mortgageCapped rate mortgageA mortgage which guarantees the interest rate charged will not rise above a certain level. But it may fall in line with variable rates. Adjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Blanket mortgageBlanket mortgageA mortgage that covers more than one property owned by the same borrower. Mortgage life insuranceMortgage life insuranceA life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured. Mortgage incentivesMortgage incentivesThe lender may offer a discount or fee-free period on buildings insurance, accident and sickness insurance, redundancy insurance, or payment protection insurance. This is often done to encourage you to take up the policy, which you are then fairly likely to keep in the longer term. Other common incentives include a free valuation and money towards solicitor's fees. Further SuggestionsForeign currency mortgageGrowing Equity Mortgage (gem) Renegotiable Rate Mortgage variable rate mortgage Low start mortgage Government National Mortgage Association (Ginnie Mae) pension mortgage Self amortizing mortgage Collateralized mortgage obligation (CMO) Mortgage pipeline flexible mortgage account mortgage broker Alternative mortgage instruments Lehman Brothers Adjustable Rate Mortgage Index Self certification mortgage Tracker mortgages Blanket Mortgage Real Estate Mortgage Investment Conduit (REMIC) Mortgagee Mortgage application Joint mortgage Delinquent mortgage Mortgage debt Direct Reduction Mortgage Private Mortgage Insurance (PMI) |
|
|
|