Mortgages

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207 terms

A

• Accelerated amortization
• Accommodation party
• Accrued interest
• Acquisition loan
• Add-on interest
• Adjustable-Rate Mortgage (ARM)
• After-acquired property clause
• Alternative Mortgage
• Amortization period
• Annual Mortgagor Statement
• Annual Percentage Rate (APR)
• APR
• Assumption Clause
• Authorised financial institution
• A receiver

B

• Bad faith in real estate mortgages
• Balloon Mortgage
• Balloon payment
• Banker's guarantee
• Bank statements
• Borrower
• Business loans

C

• Cash-out refinance
• Chattel mortgage
• Co-maker
• Co-signer
• Collateral
• Collateral in real estate
• Collateral risks
• Commercial bank
• Commitment
• Commitment fee
• Compound interest
• Conditional Commitment
• Construction Loan
• Credit history
• Credit Information Report
• Credit report
• Credit Score

D

• Dead lef
• Dead pledge
• Debt-to-income ratio
• Debt Collection Agency
• Debt Coverage Ratio (DCR)
• Debt service
• Debt Service Ratio
• Deed of Trust
• Defaulting on a mortgage loan
• Default in real estate
• Diaspora Mortgage
• Down payment
• Due-On-Sale Clause

E

• Employer-assisted Housing
• End loan
• Endorser
• Equity of redemption

F

• Financial readiness
• Financial status
• Firm commitment
• First mortgage
• Fixed-rate mortgage
• Fixed installment
• Fixed interest rate
• Forbearance
• Foreclosure
• Foreign Currency Loan Risk

G

• Good faith in real estate mortgages
• Grace period
• Guarantee mortgage

H

• Home Equity Line of Credit (HELOC)
• Home Equity Loan
• Housing Benefit Entitlement
• Hybrid Mortgage

I

• Income proof
• Initial interest rate
• Interest-only loan
• Interest-Only Mortgage
• Interest rate
• Interest rate caps

J

• Joint Mortgage

L

• Late Payment
• Lender
• Letter of Commitment
• Life cap
• Loan-To-Value Ratio (LTV)
• Loan agreement
• Loan agreement rate
• Loan Application
• Loan Application Fee
• Loan approval
• Loan Commitment
• Loan Constant
• Loan Estimate (LE)
• Loan Origination Fee
• Loan Processing Fee
• Loan qualification
• Loan Servicer
• Loan Term
• Lock-In
• Low-documentation loan
• Low-down-payment loan

M

• Maximum financing
• Memorandum of Sale
• Merged credit report
• Mortgage-interest deduction
• Mortgage Acceleration Clause
• Mortgage account
• Mortgage Act
• Mortgage agreement
• Mortgage application
• Mortgage banker
• Mortgage broker
• Mortgage broker offers
• Mortgagee
• Mortgage interest
• Mortgage loans
• Mortgage process
• Mortgages
• Mortgage term
• Mortgage terms
• Mortgagor
• Multifamily mortgage
• Mutual funds

N

• NHT benefit
• NHT Closing Cost Assistance
• NHT Construction Loan
• NHT Contribution
• NHT Contributor Statement
• NHT Disaster Relief Loan
• NHT Employer Registration
• NHT Home Improvement Loan
• NHT Housing Scheme
• NHT Income Band
• NHT Interest Subsidy
• NHT Joint Mortgage
• NHT Loan Eligibility
• NHT Mortgage
• NHT Mortgage Insurance
• NHT Number
• NHT Overseas Contributor
• NHT Points System
• NHT Pre-qualification
• NHT Refund
• NHT Scheme Unit
• NHT Self-Employed Contributor
• NHT Starter Scheme
• Notice of Default
• NSHP

O

• Owner financing

P

• Payment cap
• Payment schedule
• Payment schedules
• Per-Diem Interest
• Personal loans
• Portfolio Lender
• Pre-Approval Letter
• Pre-Qualification Letter
• Prequalification
• Prime-Linked Variable Rate
• Prime Lending Rate
• Private Mortgage Insurance (PMI)
• Proof of Employment
• Proof of Income
• Property being underwater

Q

• Qualifying Ratios
• Quifax

R

• Rate-improvement Mortgage
• Rate lock
• Receiver appointed for property
• Reconveyance
• Redlining
• Rehabilitation Mortgage
• Remaining Term
• Repayment Plan
• Repayment terms
• Repossession
• Restructured loan
• Reverse Mortgage
• Right of Redemption
• Rights of the mortgagee
• Right to accelerate debt
• Right to appoint a receiver
• Right to cure the default
• Rural Housing Service

S

• Sealed bid
• Secondary Mortgage Market
• Secured loan
• Secured loans
• Security
• Seller take-back
• Shared-appreciation Mortgage
• Standard payment calculation
• Statutory Deductions
• Step-rate mortgage

T

• Teaser rate
• The National Housing Trust (NHT) Home Starter Program
• The right to a deficiency judgment
• Truth-In-Lending Act
• Two-step mortgage

U

• Underwriting
• Unsecured loan
• US-Dollar Mortgage

V

• Variable interest rate
• Variable Rate Mortgage
• Verification of deposit
• Verification of Employment

W

• Wraparound Mortgage