Mortgage types


 

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Mortgage types

For example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc. 



Mortgage types

Similar Matches

Foreign currency mortgage

Foreign currency mortgage

It is possible to get a mortgage for your home in the UK in a mortgage denominated in a foreign currency. It sometimes gives you the opportunity to borrow money at a lower rate of interest than is possible in the UK. You do this by choosing a currency whose country has lower interest rates than we have here. Lower interest rates should mean lower repayments of both capital and interest or a shorter mortgage term. The mortgage does not have to be in any single currency. There are lenders who will allow you to spread your mortgage across a range of different currencies. This could be seen as spreading the risk


Mortgage reference fee

Mortgage reference fee

If you apply for a remortgage or a new mortgage, the new lender will want a mortgage reference from your existing lender. You will probably have to pay for this. Costs £20 - £50


Closed end mortgage

Closed end mortgage

Mortgage against which no additional debt may be issued.


Wraparound mortgage

Wraparound mortgage

A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.


Adjustable rate mortgage

Adjustable rate mortgage

In the US, a mortgage in which the interest rate is liable to change over the term of the loan and which is dependent on influences such as interest rates on US Treasury securities.


Further Suggestions

Mortgage Life Insurance
Tracker mortgages
Cap & collar mortgage
commercial mortgage
Wrap Around Mortgage
Biweekly mortgage
Mortgage advance
Lehman Brothers Adjustable Rate Mortgage Index
First mortgage
Gnma (government National Mortgage Association) Options
Mortgage debt
Chattel mortgage
Reverse annuity mortgages (RAM)
Multifamily mortgage
Package mortgage
Private Mortgage Insurance
Wraparound mortgage
Mortgage deed
Direct Reduction Mortgage
Interest only mortgages
Euro mortgage
remortgage
mortgage backed security
Mortgage Bonds
Pension mortgage


 
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