Mortgage - Page 7 - Law Dictionary

home equity conversion mortgage

home equity conversion mortgage see mortgage ...

intermediate term mortgage

intermediate term mortgage a mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years. Source: U.S. Department of Housing and Urban Development ...

judicial mortgage

judicial mortgage see mortgage ...

leasehold mortgage

leasehold mortgage see mortgage ...

mortgage banker

mortgage banker a company that originates loans and resells them to secondary mortgage lenders like Fannie Mae or Freddie Mac. Source: U.S. Department of Housing and Urban Development ...

mortgage interest deduction the interest cost of a mortgage, which is a tax - deductible expense. The interest reduces the taxable income of taxpayers. Source: U.S. Department of Housing and Urban Development ...

mortgageable

mortgageable : susceptible or capable of being mortgaged [mineral rights are not in this jurisdiction] mort·gage·abil·i·ty [mȯr-gi-jə-bi-lə-tē] n ...

graduated payment mortgages

graduated payment mortgages mortgages that begin with lower monthly payments that get slowly larger over a period of years, eventually reaching a fixed level and remaining there for the life of the loan. Graduated payment loans may be good if you expect your annual income to increase. Source: U.S. Department of Housing and Urban Development ...

mortgage broker

mortgage broker a firm that originates and processes loans for a number of lenders. Source: U.S. Department of Housing and Urban Development ...

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