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Mortgage types |
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Mortgage typesFor example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc.Mortgage types Similar MatchesBlanket mortgageBlanket mortgageA mortgage that covers more than one property owned by the same borrower. Mortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs. Fixed rate mortgageFixed rate mortgageA type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term. Cooperative mortgagesCooperative mortgagesAny loans related to a cooperative residential project. 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 SuggestionsJunior mortgageWraparound mortgage capped rate mortgage Mortgage advance Mortgage pipeline risk Equitable Mortgage Lehman Brothers Adjustable Rate Mortgage Index Full status mortgage Stepped fixed rate mortgage Equity linked mortgage Wholesale mortgage banking Portable mortgage Variable rate mortgages Shared appreciation mortgage Shared Appreciation Mortgage (SAM) Deferred interest mortgage Remortgage endowment mortgage discounted rate mortgage Multifamily mortgage Mortgage pool Mortgage code arbitration scheme Stepped discount mortgage Federal National Mortgage Association (FannieMae) Lehman Brothers Mortgage Backed Securities Index |
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