A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real...
55 KB (7,253 words) - 16:43, 11 August 2024
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions...
34 KB (4,552 words) - 17:34, 28 August 2024
Second mortgages, commonly referred to as junior liens, are loans secured by a property in addition to the primary mortgage. Depending on the time at which...
33 KB (4,002 words) - 02:25, 17 April 2024
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property...
41 KB (5,221 words) - 13:05, 25 August 2024
A repayment mortgage is a term generally used in the UK to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed...
2 KB (237 words) - 19:50, 1 June 2024
A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where...
13 KB (2,101 words) - 20:04, 19 April 2024
A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages...
40 KB (5,251 words) - 01:00, 6 June 2024
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global...
297 KB (34,080 words) - 20:18, 29 August 2024
mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage...
11 KB (1,186 words) - 19:49, 1 June 2024
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted...
38 KB (5,193 words) - 21:57, 14 August 2024