wraparound mortgage
11mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …
12wraparound — /rap euh rownd /, adj. 1. (of a garment) made to fold around or across the body so that one side of the garment overlaps the other forming the closure. 2. extending in a curve from the front around to the sides: a wraparound windshield. 3. of,… …
13Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …
14Flexible mortgage — The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage) …
15WAM — wraparound mortgage. * * * …
16Ипотека завершающая — (WRAPAROUND MORTGAGE) младшая ипотека, которая учитывает в своем балансе один или более ипотечных кредитов …
17ЗАКЛАДНАЯ ВТОРАЯ — SECOND MORTGAGE, WRAPAROUND MORTGAGEТермин имеет следующие значения1. SECOND MORTGAGE. Закладная (ипотека) на недвижимость, к рая уже была заложена. Владелец недвижимости, к рая оценена в 50 тыс. дол., получивший в долг 25 тыс. дол. под первую… …
18Due-on-sale clause — A due on sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to …
19Creative financing — is a term used widely amongst real estate investors to refer to non traditional means of real estate financing, or financing techniques not commonly used. The goal of creative financing is generally to purchase, or finance a property, with the… …
20wrap — index clothe, cover (guard), encompass (surround), ensconce, enshroud, envelop, hide …
