Mortgage

Business / Construction / Mortgage: Loan secured by land.
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Private Mortgage Insurance

Business / Loan / Private Mortgage Insurance: Private Mortgage Insurance (PMI or MI)- Insurance required to be paid for by the borrower to protect the lender in the event payments are not made on time; most often required when the loam amount exc MORE

Open-End Mortgage

Business / Finance / Open-End Mortgage: Mortgage against which additional debts may be issued. Related: Closed-end mortgage. MORE

Government National Mortgage Association (GNMA)

Business / Real Estate / Government National Mortgage Association (GNMA): A federal agency created in 1968 when the Federal National Mortgage association (FNMA) was partitioned into two separate corporations. Ginnie Mae, as it is popularly called, is a corporation without c MORE

Residential Mortgage

Business / Finance / Residential Mortgage: Mortgage on a residential property, tax-deductible for individuals up to $1 million. MORE

Reverse Mortgage

Business / Debt / Reverse Mortgage: An arrangement in which a homeowner borrows against the equity in his/her home and receives regular monthly tax-free payments from the lender. MORE

Self-Amortizing Mortgage

Business / Finance / Self-Amortizing Mortgage: Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments. MORE