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Reverse mortgage |
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Reverse mortgageA mortgage that permits elderly people who own their home outright to receive an income with the home as collateral. The loan is repaid plus interest either at the end of the term or on the death of the borrower when the property would be sold.Reverse mortgageA mortgage agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in full or takes the house.Reverse mortgage Similar MatchesShared appreciation mortgageShared appreciation mortgageA loan that allows a lender or other party to share in the borrower's profits when the home is sold. 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. Federal Agricultural Mortgage Corporation (Farmer Mac)Federal Agricultural Mortgage Corporation (Farmer Mac)A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans. Mortgage lienMortgage lienThe unpaid balance on the mortgage loan. H Hard Money MortgageH Hard Money MortgageA mortgage given in return for cash, rather than to secure a portion of the purchase price, as with a purchase money mortgage. Further SuggestionsMortgageePackage mortgage Mortgage Insurance Consolidated mortgage bond base rate tracker mortgage Mortgage Broker Self amortizing mortgage Mortgage Backed Securities Clearing Corporation (MBSCC) Mortgage Euro mortgage Bi weekly mortgage loan MIG Mortgage Indemnity Guarantee Mortgage advance Adjustable Rate Mortgages (arms) biweekly mortgage loan Federal Home Loan Mortgage Corporation (FHLMC) Mortgage arrears Council of Mortgage Lenders Portable mortgage Guarantee mortgage capped rate mortgage Mortgage Company remortgage Mortgage application Mortgage confirmation |
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