35 Results for Tag: mortgages

Offset Mortgage

DefinitionThe term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Aus

Mandatory Mortgage Lock

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortga

Mortgage Loan

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds fo

Ability To Repay

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the Explaining 'Ability To


Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading An empirical comparison of published replication research in accounting, economics, f

Real Estate Mortgage Investment Conduit (REMIC)

Home Ownership by Country Real Estate Mortgage Investment Conduit (REMIC) What is 'Real Estate Mortgage Investment Conduit - REMIC' A special purpose vehicle (SPV) that is used to pool mor

Real Estate Mortgage Investment Conduits (REMIC)

Home Ownership by Country Real Estate Mortgage Investment Conduits (REMIC) What is 'Real Estate Mortgage Investment Conduits - REMIC' A complex pool of mortgage securities created for the

Reverse Mortgage

DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insura

Real Estate Investnment Trust

Real Estate Investnment Trust A REIT offers you investment options in real estate through property or mortgages. It often trades on major stock exchange platforms. REITs provide investors a

Rate-Improvement Mortgage

Home Ownership by Country Rate-Improvement Mortgage What is 'Rate-Improvement Mortgage' A type of fixed-rate mortgage, which contains a clause that entitles the borrower to reduce the fixe
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