free of mortgage
1Mortgage modification — is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). In general, any loan can be modified. Contents 1 Background 2 Types of… …
2Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… …
3Mortgage discrimination — or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion. One of the most notable instances …
4Mortgage elimination — is the term commonly used to describe a type of mortgage fraud in the United States. In this scam, the promoter first convinces a mortgage holder (lender) that the debt that has been contracted is invalid or legally unenforceable, usually due to… …
5free and clear — adj. Of property, unencumbered by liens. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. free and clear Property ownership that is not subject to a secu …
6Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …
7Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… …
8Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …
9Mortgage cashback — Some mortgage lenders, particularly in the United Kingdom, give a one off lump sum payment to new borrowers at the beginning of a mortgage. Called cashback, this lump sum is often marketed as free cash, but it is in fact funded by the mortgage… …
10Mortgage Revenue Bond - MRB — A funding source for home mortgages. Mortgage revenue bonds help low and middle income first time home buyers by offering long term mortgages at below market rates. A state can issue mortgage revenue bonds (a form of tax free municipal bond) to… …
