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  2. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  3. Glossary of US mortgage terminology - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_US_mortgage...

    Terms pertaining to American mortgages include: Main two types Origination and Re-Financing Origination: starting from the scrap, Ex, A person wants to buy a home and goes to the bank for the same will get loan of 80% of their LTV. Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term, interest rate.

  4. What is a mortgage? A definitive guide for aspiring homeowners

    www.aol.com/finance/mortgage-definitive-guide...

    Mortgage underwriting is the process by which a bank or mortgage lender assesses the risk of lending to a particular individual. The underwriting process requires an application and takes into ...

  5. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.

  6. Mortgage Jargon in Simple Terms - AOL

    www.aol.com/news/2010-09-14-guide-to-mortgage...

    Obtaining a mortgage loan means dealing with a lot of paperwork, from the documents you have to submit to documents you have to read and sign. More often than not, you're dealing with terms and ...

  7. Mortgage bank - Wikipedia

    en.wikipedia.org/wiki/Mortgage_bank

    A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the United States, a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.

  8. Mortgages in English law - Wikipedia

    en.wikipedia.org/wiki/Mortgages_in_English_law

    Accordingly, the rule developed that "once a mortgage, always a mortgage", [15] meaning a mortgage cannot be turned into a conveyance of the property by the operation of terms in an agreement. It means that a lender may at most sell a property to realise its value, but may not take ownership, and the borrower must always practically be able to ...

  9. Mortgage and refinance rates for Dec. 23, 2024: Holiday week ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    Longer mortgage terms can result in smaller monthly payments, though you'll pay higher total interest over the life of your loan. ... the U.S.'s central bank. Called the Fed rate, it's the ...