Offset mortgage — An offset mortgage is a type of mortgage common in the United Kingdom used for the purchase of domestic propertiesThe key feature of an offset mortgage is the ability to reduce the interest charged by offsetting a credit balance against the… … Wikipedia
Offset mortgage — Eine Offset Mortgage (Offset ist das englisch Wort für Aufrechnung oder Verrechnung, Mortgage bedeutet übersetzt Hypothekarkredit) ist eine Form von Hypothekendarlehen, die im Vereinigten Königreich für die Finanzierung inländischer Immobilien,… … Deutsch Wikipedia
Offset Mortgage — A type of mortgage that involves blending a traditional mortgage with one or more deposit accounts; the savings balance(s) held in the latter can be used to offset the mortgage balance. Both the account and the loan are held at the same banking… … Investment dictionary
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Mortgage underwriting in the United States — is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C’s of underwriting:… … Wikipedia
Mortgage acceleration — is a term given to the practice of paying off a mortgage loan faster than required by terms of the mortgage agreement. As interest on mortgages is compounded, early payments diminish the period needed to pay off the mortgage, and avoid a quotient … Wikipedia
Offset loan (finance) — An offset loan is a type of lending arrangement, usually for a mortgage, in which a borrower also maintains a savings account with the lender. Instead of receiving interest on the savings account, the interest payment due on the loan is… … Wikipedia
Mortgage Credit Certificate — In the United States, a Mortgage Credit Certificate (more commonly referred to as MCC) is a certificate issued by certain state or local governments that allows a taxpayer to claim a tax credit for some portion of the mortgage interest paid… … Wikipedia
Flexible mortgage — The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage) … Wikipedia
Adjustable-rate 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… … Wikipedia
UK mortgage terminology — This page gives descriptions of UK mortgage terminology which can often confuse borrowers.IntroductionThe UK mortgage market is one of the most innovative and competitive in the world. Most borrowing is funded by either mutual organisations… … Wikipedia
