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Open end mortgage |
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Open End MortgageA mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage.Open end mortgageMortgage against which additional debts may be issued. Related: Closed-end mortgage.Open end mortgage Similar MatchesLehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA). Government insured mortgageGovernment insured mortgageLoans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Adjustable rate mortgageAdjustable rate mortgageIn 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. Variable rate mortgageVariable rate mortgageA mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK. One hundred percent mortgageOne hundred percent mortgageA loan for the full cost of the home you are buying if are unable to raise a deposit to buy a property. You may have no existing equity, no savings, be using up all you do have on the other costs of the move, or perhaps be saving what you do have so that you can fix up your new home when you do buy it. Further SuggestionsFreddie Mac (Federal Home Loan Mortgage Corporation)Pension mortgage Federal Home Loan Mortgage Corporation (FHLMC) Mortgage term Collateralized mortgage obligation (CMO) biweekly mortgage loan Mortgage reference fee Equitable Mortgage Take back mortgage Portable mortgage Full status mortgage Mortgage payment protection insurance (MPPI) Veterans Administration (VA) mortgage Wrap Around Mortgage Owner Will Carry Mortgage Mortgage application Purchase money mortgage Mortgage lien Mortgage Broker Wraparound mortgage General Mortgage Bond Stepped discount mortgage Self amortizing mortgage First Mortgage fixed rate mortgage |
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