third mortgage
21Home mortgage interest deduction — Taxation An aspect of fiscal policy …
22Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… …
23Second 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… …
24Shared 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… …
25Junior Mortgage — A mortgage that is subordinate to a first or prior (senior) mortgage. A junior mortgage often refers to a second mortgage, but it could also be a third or fourth mortgage. In the case of foreclosure, the senior mortgage will be paid down first.… …
26No-Fee Mortgage — A mortgage in which a mortgagee does not charge the mortgagor any fees for the applications, appraisals, underwriting, processing, private mortgage insurance and other third party closing costs typically associated with mortgages. The total cost… …
27junior mortgage — noun : a second, third, or later mortgage …
28purchase-money mortgage — noun : a mortgage to secure part or all of the purchase price of the property mortgaged given by the buyer to the seller or to a third person furnishing a loan to the buyer …
29ЗАКЛАДНАЯ ТРЕТЬЯ — THIRD MORTGAGEЗАКЛАДНАЯ (ипотека) на собственность, к рая уже ДВАЖДЫ ЗАЛОЖЕНА. Напр., какая то недвижимость оценена в 50 тыс. дол. Первая закладная оформлена на 20 тыс. дол., вторая на 10 тыс. дол. Если собственник пожелает получить дополнительно …
30ОБЛИГАЦИИ ТРЕТЬЕЙ ЗАКЛАДНОЙ — THIRD MORTGAGE BONDSОблигации, обеспеченные недвижимостью, к рая уже служит обеспечением облигаций первого и второго выпуска. Такие облигации дают залоговое право третьей очереди на активы и доходы корпорации эмитента. Подобные облигации… …
