Mortgage: A mortgage is granting of a lien on real property, such as a home, by a debtor (borrower) to his creditor (lender), such that the property is security for the repayment on a loan. Once the loan is paid, the ... [100%] 2023-03-02 [Business] [Finance]...
Mortgage: Mortgage (an old French legal word, meaning "dead pledge," translated in medieval Latin mortuum vadium),' the securing "money or money's worth" by making it a charge upon property, real or personal, so that if the debt be not paid ... [100%] 2022-09-02
Mortgage: MORTGAGE mor'-gaj (arabh): To give or be security as a part of bartering, give pledges, become surety. In time of great need for food, "Some also there were that said, We are mortgaging (the King James Version "have mortgaged ... [100%] 1915-01-01
Mortgage: A mortgage is a loan secured by a piece of real property. Typically, a mortgage is used to finance the purchase of the property used as security. [100%] 2023-12-13
Mortgage law: A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term ... (Legal mechanisms used to secure the performance of obligations) [70%] 2023-12-20 [Mortgage]
Mortgage law: A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term ... (Finance) [70%] 2023-12-21 [Mortgage]
Mortgage constant: Mortgage constant, also called "mortgage capitalization rate", is the capitalization rate for debt. It is usually computed monthly by dividing the monthly payment by the mortgage principal. (Finance) [70%] 2023-12-06 [Interest rates] [Mathematical finance]...
Mortgage belt: The Mortgage belt is a term used in Australian politics to signify residential suburbs which have a high concentration of families mortgaging their homes. Often the belt covers areas where homes could be considered more affordable yet the cost of ... (Finance) [70%] 2023-10-19 [Mortgage]
Mortgage burning: Mortgage burning was a twentieth-century custom in the United States of America (U.S.A.) that was the ritual incineration of the promissory note (mortgage) upon satisfaction of the payment schedule by the purchaser (debtor, or mortgagor). This ritual ... (Ritual celebration of mortgage payment competition) [70%] 2023-10-28 [Traditions involving fire] [Ceremonies]...
Rocket Mortgage: Rocket Mortgage is a fintech mortgage lending platform engineered by Quicken Loans and released in 2015 to be the first fully online mortgage application process with automated underwriting for interest rates and loan terms. Rocket Mortgage, the fintech lending brand ... [70%] 2023-04-24 [Companies based in Detroit] [Financial services companies of the United States]...
Mortgage cashback: Some mortgage lenders, particularly in the United Kingdom , give a one-off lump sum payment to new borrowers at the beginning of a mortgage. Called cashback, this lump sum is often marketed as free cash, but it is in fact ... (Finance) [70%] 2023-12-03 [Cashback and rebate] [Mortgage]...
Mortgage fraud: Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property. Criminal offenses may be prosecuted in either federal or state ... (Fraud relating to secured loans) [70%] 2024-01-01 [Finance fraud] [Consumer fraud]...
Mortgage belt: The Mortgage belt is a term used in Australian politics to signify residential suburbs which have a high concentration of families mortgaging their homes. Often the belt covers areas where homes could be considered more affordable yet the cost of ... (Australian political term) [70%] 2023-10-03 [Political terminology in Australia] [Mortgage]...
Mortgage loan: A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise ... (Loan secured using real estate) [70%] 2022-09-26 [Mortgage] [Loans]...
Mortgage origination: In consumer lending, mortgage origination, a specialized subset of loan origination, is the process by which a lender works with a borrower to complete a mortgage transaction, resulting in a mortgage loan. A mortgage loan is a loan in which ... (Finance) [70%] 2023-12-11 [Loans]
Mortgage analytics: Mortgage Analytics is defined as an array of analysis—organized by market and product—which provides insight into how pricing strategy and market conditions will affect mortgage volume and demand. Analytic reports include market response, price elasticity and general sensitivity ... (Finance) [70%] 2022-12-11 [Mortgage]
Mortgage note: In the United States , a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of ... (Finance) [70%] 2023-12-17 [Banking] [Mortgage]...
Mortgage servicer: A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or ... (Finance) [70%] 2023-12-06 [Mortgage]
Mortgage invalidity: The concept of mortgage invalidity is a peculiar form of pseudolegal bollocks currently on the ascendant in the UK in which a borrower, party to a mortgage contract, attempts to find ways to get their mortgage declared completely null and ... [70%] 2023-06-23 [Pseudolaw]
Mortgage calculator: Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to ... (Finance) [70%] 2023-11-30 [Accounting software] [Mortgage]...
Mortgage broker: A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. (Finance) [70%] 2023-09-06 [Mortgage] [Financial services occupations]...
Mortgage Care: Mortgage Care LOAN SERVICING SOFT (MCLSS) is a U.S. software company servicing Private money Lenders and Loan servicing organizations. (Company) [70%] 2024-02-09 [Companies (Finance)]
RPM Mortgage: RPM Mortgage is an independently owned and operated mortgage lender and broker based in Alamo, California whose roots in the Bay Area stem back to 1986. RPM Mortgage is owned by Rob and Tracey Hirt. (Company) [70%] 2023-01-24 [Mortgage] [Companies (Finance)]...
Mortgage elimination: Mortgage elimination is a type of mortgage fraud in the United States. In this scam, the promoter first convinces a mortgage holder (lender) that the debt that has been contracted is invalid or legally unenforceable, usually due to a combination ... [70%] 2023-05-27 [Mortgage] [Finance fraud]...
Rocket Mortgage: Rocket Mortgage, LLC (formerly known as Quicken Loans LLC) is a mortgage loan provider. It is headquartered in the One Campus Martius building in the financial district of Downtown Detroit, Michigan. (Company) [70%] 2023-05-31 [Companies listed on the New York Stock Exchange]
Mortgage packagers: Mortgage packagers process mortgage applications, usually on behalf of mortgage brokers, for submission to lenders. Services they carry out carrying out include checking clients' credit files, instructing property valuations and checking an application fits lending criteria. (Finance) [70%] 2023-11-03 [Mortgage]
Mortgage repossession: Mortgage possession Note in the UK a lender can take possession of a person's home due to default on a mortgage. This process is incorrectly often known as mortgage repossession; however assets can only be repossessed if the lender ... (Finance) [70%] 2023-12-22
Wraparound mortgage: A wraparound mortgage, more commonly known as a "wrap", is a form of secondary financing for the purchase of real property. The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior ... [70%] 2024-01-07 [Mortgage]
Ship mortgage: In a ship mortgage (common law) or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security interest in a ship as collateral for a mortgage loan. Similar to other types ... (Finance) [70%] 2024-01-07 [Mortgage]
Social mortgage: Social mortgage (Latin: pignus sociale) is a term used in Catholic social teaching. According to this body of thought, the social mortgage is the conditions under which humanity is allowed to use the goods of the world (which are viewed ... (Religion) [70%] 2023-09-12 [Catholic theology and doctrine]
Biweekly mortgage: A Biweekly mortgage is a type of mortgage loan where payments are made every two weeks rather than monthly. Monthly, Semi-monthly, Bi-weekly, Weekly, Accelerated bi-weekly and Accelerated weekly payment types are available. (Finance) [70%] 2023-09-24 [Mortgage]
Reverse mortgage: 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. The loans are typically promoted to older homeowners and typically do not require monthly mortgage ... (Loan to homeowners without monthly payments) [70%] 2022-12-30 [Mortgage] [Old age]...
Chattel mortgage: Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable ... (Finance) [70%] 2024-01-01 [Mortgage] [Financial economics]...
Endowment mortgage: An endowment mortgage is a mortgage loan which is arranged on an interest-only basis with intention of having the capital repaid by one or more endowment policies (which are often low-cost). In the United Kingdom, the word "endowment ... [70%] 2024-01-06 [Mortgage]
Welsh mortgage: A Welsh mortgage is a now-obsolete form of mortgage which could be created under English law. Welsh mortgages were also used in other common law countries, including Ireland and Canada. [70%] 2023-04-13 [Mortgage] [English law]...
Repayment mortgage: A repayment mortgage is a term generally used in the United Kingdom to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest, so that the amount borrowed decreases ... (Finance) [70%] 2022-09-17 [Mortgage]
Flexible mortgage: The 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 Australia in the early 1990s (hence the US term Australian mortgage), however it did ... (Form of mortgage loans) [70%] 2023-10-18 [Mortgage]