Mortgage cash surplus


 

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Mortgage cash surplus

Money left over at the end of a mortgage term, over and above the amount required to pay back the debt.



Mortgage cash surplus

Similar Matches

Adjustable rate mortgage

Adjustable rate mortgage

In the US, a mortgage in which the interest rate is liable to change over the term of the loan and which is dependent on influences such as interest rates on US Treasury securities.


Equity linked mortgage

Equity linked mortgage

The lender takes ownership of a stake in the equity of the property. This means that they lend you less than the full amount that is required to buy the home. Interest is only charged on the amount that they lend you and not on the full value of the property. When you sell the property, the lender receives payment in proportion to the amount of equity that they own, and therefore benefits from any increase in the price of the property.


Lifetime reverse mortgage

Lifetime reverse mortgage

A type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid.


GEM (growing equity mortgage)

GEM (growing equity mortgage)

Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.


Wholesale mortgage banking

Wholesale mortgage banking

The purchasing of loans originated by others, for the acquisition of the servicing rights.


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