Term
|
Definition
mortgage covering more than one parcel of real estate
|
|
|
Term
|
Definition
straight loan for short building period
|
|
|
Term
|
Definition
cooperative organization for members who save and borrow
|
|
|
Term
|
Definition
a privately owned corporation that sets standards and buys mortgages
|
|
|
Term
|
Definition
Federal Home Loan Mortgage Corporation; warehouses packages of mortgages
|
|
|
Term
|
Definition
Government National Mortgage Association; pools mortgages for investors
|
|
|
Term
|
Definition
additional financing for homeowner; usually a type of second mortgage
|
|
|
Term
|
Definition
bridge or swing loan for short-term financing before a sale
|
|
|
Term
|
Definition
loan higher than those usually bought by the secondary market
|
|
|
Term
|
Definition
agent who makes real estate loans
|
|
|
Term
|
Definition
agent who brings together lender and borrower for a fee
|
|
|
Term
|
Definition
mortgage that provides possibility for further borrowing
|
|
|
Term
|
Definition
mortgage covering both real and personal property
|
|
|
Term
|
Definition
loan not intended for resale on the secondary market
|
|
|
Term
|
Definition
lending institutions that make mortgage loans to the public
|
|
|
Term
|
Definition
|
|
Term
|
Definition
percentage of income borrower may spend on housing expense
|
|
|
Term
|
Definition
implements the Truth-in-Lending Act
|
|
|
Term
|
Definition
mortgage in which lender sends regular checks, building up debt
|
|
|
Term
|
Definition
arrangement by which seller becomes tenant
|
|
|
Term
|
Definition
loan in which investor shares payments and profits
|
|
|
Term
|
Definition
words in an ad that require full disclosure of financing conditions
|
|
|
Term
|
Definition
|
|
Term
|
Definition
process of deciding whether to make specific loans
|
|
|
Term
|
Definition
larger loan that does not disturb underlying mortgage
|
|
|
