high-ratio mortgage
11Commercial mortgage — Finance Financial markets Bond market …
12Location Efficient Mortgage — (or LEM) is a mortgage available to people who buy a home in locations where they don t need to rely on automobiles as much or at all for transportation. Location Efficient Mortgages allow people to buy more expensive homes than they normally… …
13Shared appreciation mortgage — A shared appreciation mortgage or SAM is a mortgage in which the lender agrees as part of the loan to accept some or all payment in the form of a share of the increase in value (the appreciation) of the property. In the US A shared appreciation… …
14Loan-To-Value Ratio - LTV Ratio — A lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage. Typically, assessments with high LTV ratios are generally seen as higher risk and, therefore, if the mortgage is accepted, the… …
15Lenders mortgage insurance — (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses in the case where a… …
16Jumbo mortgage — In the United States, a jumbo mortgage is a mortgage with a loan amount above the industry standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac.… …
17National Mortgage Crisis of the 1930s — The National Mortgage Crisis of the 1930s was a Depression era crisis in the United States characterized by high default rates and soaring loan to value ratios in the residential housing market. Rapid expansion in the residential non farm housing …
18Second mortgage — A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan against the same property. In real estate, a property can have multiple loans or liens against it. The loan which is registered with county or… …
19Non-conforming mortgage — A non conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and… …
20Hard money loan — A hard money loan is a specific type of asset based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional… …
