Owner Will Carry Mortgage

 

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Owner Will Carry Mortgage

A term used to indicate that the seller is willing to take back a purchase money mortgage.



Owner Will Carry Mortgage

Similar Matches

Mortgage types

Mortgage types

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


Wrap Around Mortgage

Wrap Around Mortgage

A second or junior mortgage with a face value of both the amount it secures and the balance due under the first mortgage. The mortgagee under the wrap-around collects a payment based on its face value and then pays the first mortgagee. It is most effective when the first has a lower interest rate than the second, since the mortgagee under the wrap-around gains the difference between the interest rates, or the mortgagor under the wrap-around may obtain a lower rate then if refinancing.


Direct Reduction Mortgage

Direct Reduction Mortgage

An amortized mortgage. One on which principal and interest payments are paid at the same time (usually monthly) with interest being computed on the remaining balance.


Discounted rate mortgage

Discounted rate mortgage

A mortgage which guarantees the interest rate charged will remain a set number of percentage points below the lender's standard variable rate. The rate changes as base rate moves up and down, but the relationship between base rate and the rate you pay remains constant.


Cooperative mortgages

Cooperative mortgages

Any loans related to a cooperative residential project.


Further Suggestions

GEM (growing equity mortgage)
Wraparound mortgage
Mortgage lien
Mortgage Servicing
Gnma (government National Mortgage Association) Options
Mortgage debt
Mortgage application fee
Mortgagee
Tracker mortgages
Euro mortgage
Joint mortgage
One hundred percent mortgage
mortgage protection
Guaranteed Mortgage Certificates (GMC)
Take back mortgage
Shared Appreciation Mortgage (SAM)
Variable rate mortgages
mortgage indemnity
Interest only mortgages
flexible mortgage account
Full status mortgage
fixed rate mortgage
Chattel mortgage
Residential mortgage
Pension mortgage


 
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