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  2. Glossary of US mortgage terminology - Wikipedia

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

    Adjustable rate mortgage or ARM - A mortgage where the interest rate adjusts relative to a specified index + margin. E.g. COFI, LIBOR etc.; Hybrid ARM - An adjustable rate mortgage where the initial 'start' rate is fixed for some portion of time (3,5,7, or 10 years) thereafter the interest rate adjusts (yearly or bi-annually) based on the sum of a specified index + margin.

  3. Mortgage Jargon in Simple Terms - AOL

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

    More often than not, you're dealing with terms and conditions on various mortgage types that may be. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...

  4. 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.

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

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

    Mortgage terms to know. What is mortgage amortization? Amortization describes the process of paying off a loan, such as a mortgage, in installment payments over a period of time. Part of each ...

  6. UK mortgage terminology - Wikipedia

    en.wikipedia.org/wiki/UK_mortgage_terminology

    Adverse credit mortgage – mortgages aimed at borrowers with credit problems, e.g. county court judgements. Self-certified mortgage – a mortgage where the lender does not seek proof of income to demonstrate affordability, but instead relies on a statement of earnings as "certified" by the borrower(s).

  7. No-closing-cost mortgage: How it works and how to decide if ...

    www.aol.com/finance/no-closing-cost-mortgage...

    You’ll be paying for the higher cost of a zero-closing-cost mortgage for years to come — 15, 30 or whatever your mortgage term is. Imagine you plan to buy a $500,000 home with a 20 percent ...

  8. Mortgages in English law - Wikipedia

    en.wikipedia.org/wiki/Mortgages_in_English_law

    Third, the content of mortgage is regulated by ordinary consumer contract protection in the Unfair Terms in Consumer Contracts Regulations 1999. The general thrust of the law is to ensure complete transparency, and to cancel extortionate credit agreements, so that consumers know what they are getting, and do not get an unfair bargain.

  9. List of business and finance abbreviations - Wikipedia

    en.wikipedia.org/wiki/List_of_business_and...

    MBS – Mortgage-backed security; mfg. – Manufacturing; MGMT – Management; MIC – Market Identifier Code; MiFID – Markets in Financial Instruments Directive; MILE – Maximum impact, little effort [10] MoM – Month on Month / Month over Month; MOQ – Minimum Order Quantity; MOU – Memorandum of understanding; MPC – marginal ...

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