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Mortgage Banker |
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Mortgage BankerA company providing mortgage financing with its own funds rather than simply bringing together lender and borrower, as does a mortgage broker. Although the mortgage banker used its own funds, these funds are generally borrowed and the financing is either short term or, it long term, the mortgages are sold to investors (many times insurance companies) within a short time.Mortgage Banker Similar MatchesMortgage brokerMortgage brokerA company or individual that places mortgage loans with lenders, but does not originate or service loans like a mortgage banker. Mortgage Life InsuranceMortgage Life InsuranceA term life insurance policy for theamount of the declining balance of a loan secured by a mortgage or deed of trust. The beneficiary under the policy is the mortgagee. In the event of death (some policies also cover disability) of the insured (mortgagor), the mortgage is paid in full. 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. Capped 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. Open end mortgageOpen end mortgageMortgage against which additional debts may be issued. Related: Closed-end mortgage. Further Suggestionsadjustable rate mortgageshared appreciation mortgage Index tracker mortgage Mortgage reference fee Strip mortgage participation certificate (strip PC) Wholesale mortgage banking base rate tracker mortgage Owner Will Carry Mortgage Self certification mortgage Portable mortgage mortgage agreement in principle Mortgagee Variable rate mortgages Full status mortgage Mortgage confirmation Lehman Brothers Mortgage Backed Securities Index Mortgage lien Federal National Mortgage Association (FannieMae) flexible mortgage account Second mortgage lending Private Mortgage Insurance fixed rate mortgage discounted rate mortgage Federal National Mortgage Association Veterans Administration (VA) mortgage |
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