|
|
Mortgage pool |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage poolA group of mortgages with similar class, interest rate, and maturity characteristics.Mortgage pool Similar MatchesWholesale mortgage bankingWholesale mortgage bankingThe purchasing of loans originated by others, for the acquisition of the servicing rights. Mortgage protectionMortgage protectionTerm assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is gradually reduced over the term of the loan (albeit slowly during the initial years when the majority of the repayments are paying the interest) so that decreasing term assurance would be incorporated in the policy. For an endowment mortgage where the sum assured and the death benefit are at least equal to the amount of the loan throughout the term of the loan, level term assurance would be apt. Discounted rate mortgageDiscounted rate mortgageA mortgage which guarantees the interest rate charged will remain a set number of percentage points below the lender's standard variable rate. The rate changes as base rate moves up and down, but the relationship between base rate and the rate you pay remains constant. Second mortgage lendingSecond mortgage lendingLoans secured by real estate previously pledged in a first mortgage. Mortgage BrokerMortgage BrokerOne who, for a fee, brings together a borrower and lender, and handles the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also called a loan broker. Further SuggestionsH Hard Money MortgageGuaranteed Mortgage Certificates (GMC) Mortgage code arbitration scheme Flexible mortgage Low start mortgage interest only mortgage Fixed term reverse mortgage Tracker mortgages Real Estate Mortgage Investment Conduit (REMIC) General Mortgage Bond Mortgage advance Open End Mortgage Full status mortgage Mortgage term senior mortgage bond Closed end mortgage GEM (growing equity mortgage) First Mortgage Shared appreciation mortgage Mortgage incentives Portable mortgage endowment mortgage MIG Mortgage Indemnity Guarantee Government National Mortgage Association Growing Equity Mortgage (gem) |
|
|
|