mortgage interest
91mortgage — An interest in property created as a security for a loan or payment of a debt and terminated on payment of the loan or debt. The borrower, who offers the security, is the mortgagor; the lender, who provides the money, is the mortgagee. Building… …
92mortgage — / mɔ:gɪdʒ/ noun money lent on the security of a house or other property owned by the borrower, usually in order to enable the borrower to buy the property ● to buy a house with a £200,000 mortgage ♦ mortgage payments money paid each month as… …
93interest — {{Roman}}I.{{/Roman}} noun 1 desire to learn/hear more about sb/sth ADJECTIVE ▪ avid, close, considerable, consuming, deep, great, intense, keen, lively …
94Interest Due — The portion of a current mortgage payment that is comprised of interest on the remaining principal amount. In a standard amortizing mortgage, the first payments will go mainly toward interest due, with only a small percentage of the payment going …
95Mortgage insurance — For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance. Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors …
96Interest sensitivity gap — The interest sensitivity gap was one of the first techniques used in asset liability management to manage interest rate risk. The use of this technique was initiated in the middle 1970s in the United States when rising interest rates in 1975 1976 …
97Interest Rate Ceiling — The maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of the mortgage or loan. This interest rate is expressed as an absolute percentage. For… …
98Mortgage Pool — A group of mortgages held in trust as collateral for the issuance of a mortgage backed security. Some mortgage backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae are known as pools themselves. These are the simplest form of… …
99Mortgage Recast — A feature in some types of mortgages where the remaining scheduled principal and interest payments are recalculated based on a new amortization schedule. Some mortgages may allow for a recast in order to help a financially distressed borrower, in …
100Mortgage rate — The interest rate on a mortgage loan. The New York Times Financial Glossary * * * mortgage rate UK US noun [C] FINANCE ► the rate of interest that someone pays to borrow money using a mortgage: »Britain s biggest home loan lender yesterday raised …
