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Mortgage duration |
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Mortgage durationA modification of standard duration to account for the impact on duration of MBSs of changes in prepayment speed resulting from changes in interest rates. Two factors are employed: one that reflects the impact of changes in prepayment speed or price.Mortgage duration Similar MatchesSelf certification mortgageSelf certification mortgageMainly for people whose income is difficult to assess using the standard method adopted by most conventional mortgage lenders. Bonuses, commission and seasonal work can cause income to vary over time or be difficult to guarantee and this may not be considered acceptable in order to get a loan. The main groups of people that opt for self-certification mortgages are: Self-employed and unsalaried company directors, contract workers (increasingly common in technology-based industries), commission-based workers (often in sales, recruitment etc.), people with seasonal earnings. The interest rate you are charged will be higher to compensate the lender for the increased risk. Strip mortgage participation certificate (strip PC)Strip mortgage participation certificate (strip PC)Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages. Mortgage REITMortgage REITAn REIT that invests in loans secured by real estate which derive income from REIT REIT and fees. Equity linked mortgageEquity linked mortgageThe 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. Mortgage debtMortgage debtThe amount outstanding on your mortgage. Further SuggestionsTake back mortgageMortgage term Government insured mortgage Tracker mortgages Mortgage pool Veterans Administration (VA) mortgage Mortgage advance Deferred interest mortgage Mortgage Company Self build mortgage mortgage broker flexible mortgage account Variable rate mortgages Buy down mortgage Freddie Mac (Federal Home Loan Mortgage Corporation) General Mortgage Bond mortgage Cap & collar mortgage Repayment mortgage second mortgage mortgage life insurance Cooperative mortgages Mortgage reference fee Euro mortgage Package mortgage |
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