Mortgage - Law Dictionary Search Results
inscribe
inscribe in·scribed in·scrib·ing : to set down in writing (as the terms of a mortgage) to create a lasting public record in·scrip·tion n
judgment
is not satisfied in full by the security ;esp : such a judgment following the foreclosure of a mortgage final judgment : a judgment that leaves nothing further to be done on a matter except execution in
late payment charges
late payment charges the penalty the homeowner must pay when a mortgage payment is made after the due date grace period. Source: U.S. Department of Housing and Urban Development
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liability
a contingency (as a cosigner's default on a loan) fixed liability : a liability (as a bond or mortgage) that does not mature for at least one year from the date incurred or from a given date
lien
of the parties or esp. by operation of law ;specif : a security interest created esp. by a mortgage assessment lien : a lien that is on property benefiting from an improvement made by a municipality and
equity
value of a property or of an interest in property in excess of any claims or liens (as mortgage indebtedness) against it c : a risk interest or ownership right in property ;specif : the ownership interests
eem
eem Energy Efficient Mortgage; an FHA program that helps homebuyers save money on utility bills by enabling them to finance the cost
loan
con·ven·tion·al loan [kən-ven-chə-nəl-] : a loan for the purchase of real property that is secured by a first mortgage on the property rather than by any federal agency demand loan : a loan that is subject to
balloon payment
balloon payment the final lump sum payment due at the end of a balloon mortgage. Source: U.S. Department of Housing and Urban Development
a loan or a paper
a paper a credit rating where the FICO score is 660 or above. There have been no late mortgage payments within a 12-month period. This is the best credit rating to have when entering into a new
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