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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 MatchesMortgage interest deductionMortgage interest deductionIn the US, an allowable federal tax deduction for the annual interest paid on a mortgage. Mortgage backed securityMortgage backed securityA security, backed by one or more mortgages. Stripped mortgage backed securities (SMBS)Stripped mortgage backed securities (SMBS)Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors. Self build mortgageSelf build mortgageMortgage for those who wish to build their own home, renovate or convert their existing home. Funds are normally released in stages as work progresses following a satisfactory progress report from an architect. Deferred interest mortgageDeferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest! Further SuggestionsBlanket mortgageFederal National Mortgage Association Mortgage Backed Securities Clearing Corporation (MBSCC) mortgage agreement in principle Second Mortgage Mortgagee Assumable mortgage Private Mortgage Insurance (PMI) Take back mortgage Mortgage cash surplus Mortgage lien Insured Mortgage Stepped fixed rate mortgage Mortgage Life Insurance Federal National Mortgage Association (FannieMae) base rate tracker mortgage Tracker mortgages discounted rate mortgage Lehman Brothers Mortgage Backed Securities Index Multifamily mortgage Freddie Mac (Federal Home Loan Mortgage Corporation) graduated payment mortgage Non status mortgage Capped rate mortgage Buy down mortgage |
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