Mortgage lien


 

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Mortgage lien

The unpaid balance on the mortgage loan.



Mortgage lien

Similar Matches

Second mortgage lending

Second mortgage lending

Loans secured by real estate previously pledged in a first mortgage.


Mortgage servicing

Mortgage servicing

The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan.


Government insured mortgage

Government insured mortgage

Loans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements.


Consolidated mortgage bond

Consolidated mortgage bond

A bond that covers several units of property, sometimes refinancing mortgages on the properties.


Balloon mortgage

Balloon mortgage

A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.


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