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Self build mortgage |
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Self build mortgageMortgage for those who wish to build their own home, renovate or convert their existing home. Funds are normally released in stages as work progresses following a satisfactory progress report from an architect.Self build mortgage Similar MatchesStepped fixed rate mortgageStepped fixed rate mortgageWhere the interest is, for example, fixed at one level for one year and then a slightly higher level for two further years. This is not as common as finding stepped discounted mortgages. Reverse mortgageReverse 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. MortgageeMortgageeThe party lending the money and receiving the mortgage. Some states treat the mortgagee as the "legal" owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view. Purchase money mortgagePurchase money mortgageA mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. Mortgage servicingMortgage servicingThe collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. Further SuggestionsMortgage lienBlanket mortgage Mortgage code arbitration scheme First mortgage Stripped mortgage backed securities (SMBS) Guaranteed Mortgage Certificates (GMC) GEM (growing equity mortgage) Remortgage capped rate mortgage Repayment mortgage Wraparound mortgage Mortgage deed Chattel Mortgage Mortgage payment protection insurance (MPPI) interest only mortgage Insured Mortgage second mortgage General Mortgage Bond Renegotiable Rate Mortgage Index tracker mortgage Balloon mortgage variable rate mortgage First mortgage Deferred interest mortgage Mortgage |
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