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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 MatchesMortgage termMortgage termThe period over which the mortgage loan is to be repaid. Mortgage BondsMortgage BondsBonds issued by corporations, which offer first mortgages on real property of the corporation as security for the payment of the bonds. Mortgage Life InsuranceMortgage Life InsuranceA term life insurance policy for theamount of the declining balance of a loan secured by a mortgage or deed of trust. The beneficiary under the policy is the mortgagee. In the event of death (some policies also cover disability) of the insured (mortgagor), the mortgage is paid in full. Mortgage pipeline riskMortgage pipeline riskThe risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period. Cashback mortgagesCashback mortgagesCashback mortgages provide you with a single lump sum of cash immediately on completion of the mortgage transaction. The amount of the lump sum is usually calculated as a percentage of the overall loan amount, though it can be a set figure. The percentage of the loan that is given as cashback can be as high as 5%, though amounts in the region of 1 to 3% are more common. Various different types of rate can come with cashback - capped, discounted, fixed and variable. There are also a lot of mortgages that award you three or four hundred pounds to go towards your solicitor's fees. Although this is a form of cashback, it would generally be classed as an incentive and not specifically as a cashback mortgage. Further SuggestionsReverse mortgageSecond Mortgage Mortgage REIT Conventional mortgage flexible mortgage account Mortgage pipeline mortgage indemnity Government National Mortgage Association Blanket Mortgage first mortgage Federal Home Loan Mortgage Corporation (FHLMC) Mortgage debt Repayment mortgage Blanket mortgage Mortgage interest deduction Residential mortgage Mortgage Insurance Mortgage servicing Mortgage application Purchase money mortgage mortgage agreement in principle Mortgage Company Shared appreciation mortgage Package mortgage Collateralized mortgage obligation (CMO) |
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