fixed-rate mortgage
61Balloon Mortgage — A type of short term mortgage. Balloon mortgages require borrowers to make regular payments for a specific interval, then pay off the remaining balance within a relatively short time. Some types of balloon mortgages can be interest only for 10… …
62Graduated Payment Mortgage — A type of fixed rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level. Typically, the payments will grow 7 12% annually from their initial base payment amount until the full payment is… …
63Fixed income arbitrage — is an investment strategy generally associated with hedge funds, which consists of the discovery and exploitation of inefficiencies in the pricing of bonds, i.e. instruments from either public or private issuers yielding a contractually fixed… …
64rate — {{Roman}}I.{{/Roman}} noun 1 speed/frequency ADJECTIVE ▪ constant, expected, regular, steady, unchanged ▪ slow ▪ the slow rate of change …
65rate — rate1 W1S1 [reıt] n ▬▬▬▬▬▬▬ 1¦(number)¦ 2¦(money)¦ 3¦(speed)¦ 4 at any rate 5 at this rate 6 first rate/second rate/third rate 7 at a rate of knots 8 rates ▬▬▬▬▬▬▬ [Date: 1400 1500; …
66Mortgage Bankers Association's National Delinquency Survey - NDS — A voluntary survey of over 120 mortgage lenders, including mortgage banks, commercial banks, thrifts, savings and loan associations, subservicers, credit unions and life insurance companies, aimed at measuring the overall non payment of mortgage… …
67Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …
68Continuous-repayment mortgage — Analogous to continuous compounding, a continuous annuity[1][2] is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan paid by means of a continuous annuity …
69UK mortgage terminology — This page gives descriptions of UK mortgage terminology which can often confuse borrowers.IntroductionThe UK mortgage market is one of the most innovative and competitive in the world. Most borrowing is funded by either mutual organisations… …
70Reverse mortgage — A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner s …
