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Mortgage |
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MortgageThe name given to a loan used to buy a property.Mortgage(1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.MortgageA 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.Similar MatchesMortgageeMortgageeA bank or other financial institution that lends money to the borrower. The borrower is considered the mortgagor. Mortgage brokerMortgage brokerA person or company engaged in the arrangement of mortgages for buyers. The broker is usually paid a commission by the lender. Lehman Brothers Adjustable Rate Mortgage IndexLehman Brothers Adjustable Rate Mortgage IndexA benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index. Index tracker mortgageIndex tracker mortgageThe interest rate tracks an index such as the base rate or LIBOR and often has a set percentage added to it. Commercial mortgageCommercial mortgageA mortgage on a non residential building occupied by a business. Further SuggestionsGEM (growing equity mortgage)Adjustable rate mortgage (ARM) adjustable rate mortgage Owner Will Carry Mortgage Secondary Mortgage Market Stripped mortgage backed securities (SMBS) All inclusive Trust Deed (wrap around mortgage) Government National Mortgage Association (Ginnie Mae) Freddie Mac (Federal Home Loan Mortgage Corporation) Joint mortgage mortgage agreement in principle Take back mortgage Repayment mortgage Wholesale mortgage banking first mortgage Mortgage code arbitration scheme Government insured mortgage General Mortgage Bond Mortgage pipeline Assumable mortgage Mortgage servicing Residential mortgage Mortgage incentives Closed end mortgage Reverse mortgage |
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