Pengertian wraparound mortgage adalah: Subjek Definisi Bank ? wraparound mortgage : A second mortgage that takes over the first. The first mortgage loan is not paid off. Instead, the borrower makes payments to the second mortgage lender for the debt service of both the first and second liens. The second lien holder then makes the payments to the first lien holder. This type of mortgage is used when the borrower is unwilling or unable to […]
Pengertian zero-down-payment mortgage adalah: Subjek Definisi Bank ? zero-down-payment mortgage : Zero-down-payment mortgage is a type of mortgage given to a buyer who does not make any down payments while borrowing. The mortgage buyer borrows the amount at the entire purchase price. Definisi ?
Pengertian variable rate loan or mortgage adalah: Subjek Definisi Bank ? variable rate loan or mortgage : A rate of interest on a loan or mortgage that can go up or down during the term of your agreement. The interest rate usually changes as the prime lending rate changes. Definisi ?
Pengertian variable rate mortgage adalah: Subjek Definisi Bank ? variable rate mortgage : This is just another term used for Adjustable Rate Mortgage (ARM). Definisi ?
Pengertian variable-rate mortgage adalah: Subjek Definisi Bank ? variable-rate mortgage : A less common name for an adjustable-rate mortgage (ARM). Definisi ?
Pengertian subprime mortgage adalah: Subjek Definisi Bank ? subprime mortgage : a type of mortgage made out to borrowers with low credits ratings. As a result interest on subprime mortgagesOis often charged at a higher rate than a conventional mortgage in order to compensate for carrying more risk Definisi ?
Pengertian second mortgage adalah: Subjek Definisi Bank ? second mortgage : Otherwise known as 'second trust', a second mortgage is a mortgage which is taken out on property, which has been pledged as security to ensure payment (collateral) of an original or first mortgage. A first mortgage has priority in settlement of claims, before all other subsequent mortgages. Unlike a first mortgage, a second mortgage has a shorter repayment term, with higher interest rates. Definisi […]
Pengertian satisfaction of mortgage adalah: Subjek Definisi Bank ? satisfaction of mortgage : A document issued by a mortgagee (the lender) when a mortgage is paid in full. Definisi ?
Pengertian reverse mortgage adalah: Subjek Definisi Bank ? reverse mortgage : A reverse mortgage is a special home loan product that allows a homeowner aged 62 or older the ability to access the equity that has accumulated in their home. The home itself will be the source of repayment. The loan is underwritten based on the value of the collateral (home) and the life expectancy of the borrower. The loan must be repaid when you […]
Pengertian repayment mortgage adalah: Subjek Definisi Bank ? repayment mortgage : This is a mortgage where the sum borrowed is paid off by the end of the mortgage term. It involves monthly repayments which consist of the interest on the loan plus some of the capital borrowed. Definisi ?