First Mortgage: Definition from
First Mortgage Corporation Type : Private On the web : http://www.firstmortgage. com First Mortgage issues and purchases mortgage loans.

first mortgage financial definition of first mortgage. first mortgage ...
Definition of first mortgage in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is first mortgage? Meaning of first mortgage as .

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Second Mortgage Definition & Rules | Home Guides | SF Gate
Second mortgages, by definition, must be recorded after and subordinate to first mortgages. Even those loans made at the same time as a first mortgage must be .

What does first mortgage mean? definition, meaning and ...
Definition of first mortgage in the Dictionary. Meaning of first mortgage. What does first mortgage mean? Proper usage and pronunciation (in .

Why Is This Mortgage Refinance "Cash-Out"? - Mortgage Professor
"We currently have a first and second mortgage, with plenty of equity left. . The lay definition of a cash-out refinance is that the new loan balance exceeds the .

Mortgage loan - Wikipedia, the free encyclopedia
The word mortgage is a French Law term meaning "death contract", meaning . a mortgage loan will have a fixed rate for some period, for example the first five .

First mortgage - Definition and More from the Free Merriam-Webster ...
first mortgage. About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page. first mortgage. noun. Definition of FIRST MORTGAGE .

What is first mortgage? definition and meaning
Definition of first mortgage: Primary claim on a property which takes precedence over all other subsequent claims (called junior claims), and will be paid first from .

first mortgage - definition of first mortgage by the Free Online ...
(Economics, Accounting & Finance / Banking & Finance) a mortgage that has priority over other mortgages on the same property, except for taxation and other .

Consumer First Mortgage: Home
AL mortgages with competitive interest rates. . Welcome to Consumer First Mortgage! . "Less paperwork and more personal attention" means you enter a .

first mortgage Definition | Business Dictionaries from
Business Definition for: first mortgage. Dictionary of Finance and Investment Terms. first mortgage. real estate loan that gives the mortgagee (lender) a primary .

Closed-End Mortgage Definition | Investopedia
A restrictive type of mortgage that cannot be prepaid, renegotiated or refinanced without paying breakage costs to the . Definition of 'Closed-End Mortgage' .

Debt Yield Ratio
You will notice in my definition of the Debt Yield Ratio that I used as the "debt" just the first mortgage debt. The reason why I threw in the words first mortgage is .

Which Mortgage do I Pay Off First? My 1st or 2nd? | Budgets Are Sexy
Aug 17, 2011 . On the other hand though, this lump sum is only 1/5th of the 1st mortgage! Meaning I could knock it out MUCH faster, and have that good “win” .

What Is a Vendor Take-Back Mortgage? |
Definition. In a VTB mortgage, the seller or vendor finances the buyer, in part or in whole. So, the take-back mortgage may be a first mortgage (the seller is the .

Prepaid interest - What is prepaid interest
They will pay interest up to the day that is 30 days away from their first mortgage payment. This means if you close the transaction on, say, March 15th, your first .

Mortgage Types
Basically, there are two categories of mortgages: the fixed-rate and the . This type of mortgage enables you to own your home in half the usual time, meaning you . interest rates and mortgage payments at first because the borrower assumes .

What is mortgage? definition and meaning
Definition of mortgage: A loan to finance the purchase of real estate, usually . How to Find Government Incentives for First-Time Homebuyers · 5 Reasons to .

First Mortgage - checkmyfile
First Mortgage. Definition of 'First Mortgage'. Sometimes called first charge. The earliest (in history) mortgage recorded against a property, given by its current .

What is first mortgage? definition and meaning
Definition of first mortgage: The mortgage that has first claim in the event of a default.

HELOC - Definition of HELOC
Definition: A HELOC is a Home Equity Line of Credit. . Your home secures the loan, but your first mortgage (if any) will generally be paid off before the HELOC .

first mortgage - Business Definition
first mortgage definition: A real estate loan with the right to payment in full before payments to other lenders are made. First mortgages are generally considered .

What is a First Mortgage?
To obtain a first mortgage, a borrower must fill out a mortgage application. This means providing information like the borrower's identity, employment details, .

what does subordination of a second mortgage mean? - Zillow ...
May 14, 2009 . When you refinance your first mortgage and there is a 2nd that is not being paid off, it has to be subordinated. That means that the 2nd .

What Does Carry a Second Mortgage Mean? |
To carry a second mortgage means that you have used the equity in your home to get another secured loan beyond your first-mortgage lien. Home-equity loans .

second mortgage: Definition from
Mortgage that is subordinate to the lien created by a First Mortgage, but senior to . Learn how the various reasons for doing it can mean the difference between .

First Time Buyer's Guide To Mortgages - Forums
Jun 8, 2006 . First Time Buyer's Guide To Mortgages House Buying, Renting & Selling. . Also much of the actual advice on mortgages and the definition of .

Mortgage Definition of a Second Home |
Second Mortgage Definition & Rules · Junior Mortgage Definition . A primary residence is the homeowner's first and most regularly used location for living.

Understanding Mortgage Note Investing: - CompleteIRA
A junior lien is one that is subordinate in rank to another prior lien (aka, first mortgage). This means that the junior lien will be paid off only after the senior lien .

Conforming Mortgage Definition
Conforming Morgage Definition and other mortgage answers. Anyone considering morgage refinance should first find out your real estate home values visit .

2nd Mortgage
Second mortgages and HELOCs are subordinate to first mortgages, meaning upon sale of a home, these loans only get paid off after a first mortgage has been .

Subordination Loan Program - KeyPoint Credit Union
Refinancing your first mortgage doesn't mean you have to payoff and close your home equity loan or line of credit with KeyPoint Credit Union. As an alternative .

mortgage definition | English definition dictionary | Reverso Collins
mortgage definition, meaning, English dictionary, synonym, see also . n a mortgage incurred after a first mortgage and having second claim against the security .

What is the meaning of First preferred ship mortgage
Preferred Ships Mortgages Anyone who has ever stood on the shore's edge to feed ducks knows that the competition for your offerings can become fierce.

Mortgage regulation: a consultation - HM Treasury
The term “first legal mortgage” is defined in Article 61(4)(a) as follows: a “first legal mortgage” means a legal mortgage ranking in priority ahead of all other .

FAQs - Philadelphia Sheriff's Office
What does the term "Subject to Mortgage" mean? . The Judicial Mortgage Foreclosure Sheriff's Sale is usually conducted the first Tuesday of every month at .

What is mortgage bond? definition and meaning
Definition of mortgage bond: A bond secured by a mortgage on a property. . secured and unsecured bonds outstanding, secured bondholders are paid off first, .

What is a mortgage?
For most people, buying a home means taking out a mortgage. . mortgage is a mortgage loan for money in addition to the money owed under a first mortgage.

Stand Alone Second Mortgage Definition |
Lenders consider stand alone second mortgages riskier then traditional first mortgages. Therefore . Junior Mortgage Definition; Definition of a Second Mortgage .

What does the term "second mortgage" mean? Can I easily get one?
As my second mortgage was with the same lender, they still had "First Charge" on the property (This means that in the event of default they .

How to Subordinate a Second Mortgage |
This means that even though your second mortgage will remain in place when the first is refinanced, there must be enough room within the value of your home .

Second Mortgage and Second Mortgage Program
However, as you already have an existing mortgage over your property, it is usual to call this a “first rank” mortgage – meaning that any subsequent mortgages .

mortgage - definition of mortgage by the Free Online Dictionary ...
Definition of mortgage in the Online Dictionary. . mortgage, mortgage financing, mortgage payment, mortgage calculation, fixed rate mortgage, first mortgage, .

mortgage holder - definition of mortgage holder by the Free Online ...
Definition of mortgage holder in the Online Dictionary. . the first time, the majority of endowment backed mortgage holders are being warned they will probably .

80-10-10 Mortgage Definition | Investopedia
A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an 80% loan-to-value ratio, the second .

Assumable Mortgage Definition | Investopedia
A type of financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer. By assuming the previous .

What does mortgage mean? definition, meaning and pronunciation ...
Definition of mortgage in the Dictionary. Meaning of mortgage. . first mortgage (a mortgage that has priority over all mortgages and liens .

second mortgage financial definition of second mortgage. second ...
Definition of second mortgage in the Financial Dictionary - by Free online . The second mortgage is more risky to the lender than the first mortgage; thus, .

Definition of Mortgage Terminology
Priority is determined by the date and time registered, so a first mortgage was literally and legally registered "first". A new first .

Mortgage-backed Securities Definition and How They Affect the ...
Definition: Mortgage-backed securities (MBS) are investments, somewhat similar to stocks, bonds or . First, a bank or mortgage company makes a home loan.

Interest only mortgage financial definition of Interest only mortgage ...
What does Interest only mortgage mean in finance? . an interest-only option on their first mortgage so they can accelerate repayment of the more costly debt.

Definition of a Conventional Mortgage | Home Guides | SF Gate
Most simply stated, a conventional loan means a homebuyer's mortgage is not backed or insured by a government agency such as the Federal Housing .

Junior Mortgage Definition | Investopedia
A mortgage that is subordinate to a first or prior (senior) mortgage. A junior . Margin loans, futures and ETF options can all mean better returns, but which .

Second Mortgage - Definition of Second Mortgage - QFINANCE
Definition of second mortgage from QFinance - The Ultimate Financial Resource. . as security and is taken out with a different lender from the first mortgage.

User roles setup in Nationwide Mortgage Licensing System
Apr 16, 2012 . Mortgage. Definition. First mortgage brokering. Providing the service of bringing borrowers and lenders together and assisting in negotiating a .

Understanding PMI (Private Mortgage Insurance)
Discussion of PMI -- Private Mortgage Insurance -- when buying a house. . a home, especially for first-time buyers, is Private Mortgage Insurance (PMI). . 2) The 2nd mortgage may have a variable rate, meaning that your payment can .

first mortgage - Definition of first mortgage
a mortgage having priority over all other liens or encumbrances on the same property, except those, as real estate taxes, given priority by statute. Webster's New .

Second Mortgage Definition | Investopedia
Since the second mortgage would receive repayments only when the first mortgage has been paid off, the interest rate charged for the second mortgage tends to .

Silent Second Mortgages - The Mortgage Professor
The “silence” refers to the absence of full disclosure to the first mortgage lender. . This means that the seller has an unsecured loan until the transaction is .

What Happens to a Primary Mortgage If the Second Forecloses ...
Legal Definition of a Mortgage. A mortgage is a loan made up . the first mortgage lien. The first mortgage lien remains after foreclosure of the second mortgage.

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What Does Taking Out a Second Mortgage Mean? | Home Guides ...
Taking out a second mortgage means getting another loan--in addition to your . to the bank about refinancing your first mortgage and getting cash back as part .

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mortgages financial definition of mortgages. mortgages finance term ...
Definition of mortgages in the Financial Dictionary - by Free online English . mortgage. A pledge of specific property as security for a loan. See also first .

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Mortgage Note: Definition from
Mortgage Note Written promise to repay a mortgage loan plus interest. The Mortgage gives the lender . What is a first mortgage note? How can you get out of a .

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first mortgage - Invest Definition
first mortgage definition: A real estate mortgage that gives the lender the first claim on the property in case of a default. It is in contrast to a second mortgage, .

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What Are Mortgage GSEs? | Home Guides | SF Gate
Mortgage GSEs, or government-sponsored enterprises, are basically financial services corporations. . History. Congress created the first mortgage GSE in 1932, when it chartered the federal home loan banks. . Definition of a Mortgage Deed .