A lump sum payment for the unpaid balance of the loan.
A mortgage covering at least two pieces of real estate as security for the same mortgage.
One who applies for and receives a loan in the form of a mortgage with the intention of repaying the loan in full.
An individual in the business of assisting in arranging funding or
negotiating contracts for a client buy who does not loan the money
himself. Brokers usually charge a fee or receive a commission for their
When the lender and/or the home builder subsidized the mortgage
by lowering the interest rate during the first few years of the loan.
While the payments are initially low, they will increase when the