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Mortgage Company |
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Mortgage CompanyA company authorized to service real estate loans, charging a fee for this service.Mortgage Company Similar MatchesFlexible mortgage accountFlexible mortgage accountA combined mortgage and current account. Any savings each month earn the mortgage rate, which is a relatively high and tax-free rate of return. Endowment mortgageEndowment mortgageAn interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which is assigned to the lender providing the mortgage. The policyholder pays the lender's interest only, for the term of the mortgage. The sum assured, which is payable on maturity or prior death of the policyholder, is used to repay the mortgage. Policies are usually with profits (or low cost endowment), unit linked or unitised with profits and sometimes this provides some additional capital for the policyholder after the lender has been repaid. Blanket mortgageBlanket mortgageA mortgage that covers more than one property owned by the same borrower. 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. Reverse mortgageReverse mortgageA mortgage agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in full or takes the house. Further Suggestionsmortgage interest relief at sourceClosed end mortgage variable rate mortgage Pension mortgage Portable mortgage Mortgage Insurance One hundred percent mortgage Mortgage Mortgage reference fee Cashback mortgages Low start mortgage mortgage agreement in principle Self amortizing mortgage Mortgage pool Federal Agricultural Mortgage Corporation (Farmer Mac) Remortgage Federal National Mortgage Association Open end mortgage First mortgage Government National Mortgage Association (Ginnie Mae) Balloon mortgage Adjustable rate mortgage (ARM) capped rate mortgage first mortgage Standing mortgage |
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