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Mortgage pool |
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Mortgage poolA group of mortgages with similar class, interest rate, and maturity characteristics.Mortgage pool Similar MatchesFirst mortgageFirst mortgageThe original loan taken out to purchase a home. Government National Mortgage AssociationGovernment National Mortgage AssociationIn the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae. Consolidated mortgage bondConsolidated mortgage bondA bond that covers several units of property, sometimes refinancing mortgages on the properties. Base rate tracker mortgageBase rate tracker mortgageA mortgage in which the rate of interest paid by the borrower follows movements in the base rate. Non status mortgageNon status 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. Further SuggestionsMortgage BankerVariable rate mortgages Bi weekly mortgage loan mortgagee capped rate mortgage Equitable Mortgage Mortgage REIT Standing mortgage Mortgage pipeline Buy down mortgage mortgage Growing Equity Mortgage (gem) Interest only mortgages Federal National Mortgage Association Mortgage application senior mortgage bond Stepped fixed rate mortgage First Mortgage Blanket Mortgage Take back mortgage Delinquent mortgage Lehman Brothers Mortgage Backed Securities Index Secondary Mortgage Market Strip mortgage participation certificate (strip PC) Mortgagee |
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