|
|
Second mortgage lending |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Second mortgage lendingLoans secured by real estate previously pledged in a first mortgage.Second mortgage lending Similar MatchesGraduated Payment MortgageGraduated Payment MortgageA mortgage or deed or trust calling for increasingly higher payments over the term of the loan. This allows the buyer low beginning payments. The payments then increase as (theoretically) the buyer's earnings increase. Residential mortgageResidential mortgageMortgage on a residential property, tax-deductible for individuals up to $1 million. RemortgageRemortgageThe arranging of alternative finance for the purchase of a property which is already mortgaged. For example obtaining a mortgage with a lower interest rate to replace the existing mortgage. Second MortgageSecond MortgageA mortgage which ranks after a first mortgage in priority. Properties may have two, three, or more Mortgages, deeds of trust, or land contracts, as liens at the same time. Legal priority would determine whether they are called a first, second, third, etc. lien. Lifetime reverse mortgageLifetime reverse mortgageA type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid. Further SuggestionsSelf certification mortgageMortgage Servicing Delinquent mortgage Mortgage pool Growing Equity Mortgage (GEM) Secondary mortgage market Government National Mortgage Association (Ginnie Mae) variable rate mortgage Consolidated mortgage bond Mortgage application fee One hundred percent mortgage Joint mortgage Real Estate Mortgage Investment Conduit (REMIC) Mortgage debt Guaranteed Mortgage Certificates (GMC) Insured Mortgage Cooperative mortgages Mortgage pipeline risk Mortgage confirmation Mortgage deed First Mortgage capped rate mortgage Portable mortgage Veterans Administration (VA) mortgage Deferred interest mortgage |
|
|
|