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A specific type of flexible mortgage common in Australia and the United Kingdom is an offset mortgage. The key feature of an offset mortgage is the ability to reduce the interest charged by offsetting a credit balance against the mortgage debt, with interest charged based on the outstanding net debt.
The most beneficial aspect of the Flex Modification program is that it allows you to lower your monthly mortgage payment, which in turn can offer financial relief. In addition, some lenders may ...
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.
Buy to let mortgage – a form of commercial mortgage used to purchase residential real estate with the intention of letting it to paying tenants. Right to buy mortgage – a mortgage arranged in connection with the "right to buy your home" legislation for council or housing association tenants.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Mortgage is included in the JEL classification codes as JEL: ... Flexible mortgage; ... Real estate appraisal; Refinancing;
If you're getting a mortgage to buy a home, you're the mortgagor. The mortgagee is the lender, such as a bank, credit union or online lender. This is the entity providing the funds via a 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 markets. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...