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Package mortgageA mortgage on a house and property in the house.Package mortgage Similar MatchesSenior mortgage bondSenior mortgage bondA mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation. Equity linked mortgageEquity linked mortgageThe lender takes ownership of a stake in the equity of the property. This means that they lend you less than the full amount that is required to buy the home. Interest is only charged on the amount that they lend you and not on the full value of the property. When you sell the property, the lender receives payment in proportion to the amount of equity that they own, and therefore benefits from any increase in the price of the property. Wrap Around MortgageWrap Around MortgageA 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. Cap & collar mortgageCap & collar mortgageThis is a mortgage that has both a top and bottom limit set for the interest rate. It is a very safe and risk free type of mortgage, as you are protected against intetrest rate rises above a certain point, but you are losing some of the potential gains if interest rates drop. Mortgage cash surplusMortgage cash surplusMoney left over at the end of a mortgage term, over and above the amount required to pay back the debt. Further Suggestionsfixed rate mortgageVariable rate mortgages Equitable Mortgage reverse annuity mortgage Self amortizing mortgage Mortgage Company Direct Reduction Mortgage mortgage backed security Mortgage types Mortgage Banker Closed end mortgage Blanket Mortgage Mortgage code arbitration scheme Mortgage payment protection insurance (MPPI) remortgage Index tracker mortgage mortgage interest relief at source repayment mortgage Mortgage incentives Mortgage Servicing Multifamily mortgage Reverse annuity mortgages (RAM) Government National Mortgage Association (Ginnie Mae) Mortgage interest deduction MIG Mortgage Indemnity Guarantee |
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