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Mortgage term |
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Mortgage termThe period over which the mortgage loan is to be repaid.Mortgage term Similar MatchesH Hard Money MortgageH Hard Money MortgageA mortgage given in return for cash, rather than to secure a portion of the purchase price, as with a purchase money mortgage. Mortgage debtMortgage debtThe amount outstanding on your mortgage. MortgageMortgageA loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years. In the UK, the most common forms of mortgage are the repayment mortgage and the interest only mortgage. Mortgage BankerMortgage BankerA company providing mortgage financing with its own funds rather than simply bringing together lender and borrower, as does a mortgage broker. Although the mortgage banker used its own funds, these funds are generally borrowed and the financing is either short term or, it long term, the mortgages are sold to investors (many times insurance companies) within a short time. First mortgageFirst mortgageA mortgage which carries priority over any subsequent mortgages if the borrower goes into default and his/her assets have to be sold to pay creditors. Further SuggestionsMortgage servicingVariable rate mortgages Reverse annuity mortgages (RAM) Second Mortgage Mortgagee variable rate mortgage Mortgage broker Cooperative mortgages Reverse mortgage Secondary mortgage market Low start mortgage shared appreciation mortgage interest only mortgage Wrap Around Mortgage Mortgage code arbitration scheme repayment mortgage second mortgage remortgage Equitable Mortgage mortgagee Lehman Brothers Adjustable Rate Mortgage Index First mortgage Lehman Brothers Mortgage Backed Securities Index Tracker mortgages One hundred percent mortgage |
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