Second mortgage lending

 

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Second mortgage lending

Loans secured by real estate previously pledged in a first mortgage.



Second mortgage lending

Similar Matches

First mortgage

First mortgage

A mortgage which carries priority over any subsequent mortgages if the borrower goes into default and his/her assets have to be sold to pay creditors.


Junior mortgage

Junior mortgage

A mortgage that will be satisfied only after more senior mortgages have been satisfied. E.g., a first mortgage will be satisfied prior to a second or a third mortgage.


Wholesale mortgage banking

Wholesale mortgage banking

The purchasing of loans originated by others, for the acquisition of the servicing rights.


Mortgage protection

Mortgage protection

Term assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is gradually reduced over the term of the loan (albeit slowly during the initial years when the majority of the repayments are paying the interest) so that decreasing term assurance would be incorporated in the policy. For an endowment mortgage where the sum assured and the death benefit are at least equal to the amount of the loan throughout the term of the loan, level term assurance would be apt.


Mortgage debt

Mortgage debt

The amount outstanding on your mortgage.


Further Suggestions

Wraparound mortgage
endowment mortgage
mortgage indemnity
Growing Equity Mortgage (GEM)
Alternative mortgage instruments
reverse mortgage
Standing mortgage
Balloon mortgage
Mortgage duration
Mortgage Life Insurance
Take back mortgage
Federal National Mortgage Association (FannieMae)
Mortgage Insurance
Mortgage code arbitration scheme
Open end mortgage
Mortgagee
Senior mortgage bond
Mortgage application
Chattel mortgage
mortgage backed security
reverse annuity mortgage
Government National Mortgage Association (Ginnie Mae)
Buy down mortgage
remortgage
Flexible mortgage


 
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