"cash-on-cash" return

=Before tax cash flow/Equity investment

what % of their equity is expected to be returned to them in cash (before income taxes) 

NOI/debt service

indication of safety 

NOI - Debt service (mortgage payment)

=$ left over from rental operations ea. year after paying all OE, capital costs, and servicing the mortgage debt 

Level payment mortgage

predominant form, fixed rate 

Mortgage created simultaneously with the conveyance of title.

A mortgage from a buyer to a seller.

Mortgage on both a house and durable personal property such as appliances and furniture.

One mortgage loan instead of 2. 

for older, retired households with constrained income.

Offers additional monthly income to homeowners through various loan plans, using the home as security.

 Allows homeowners to liquidate a portion of their housing equity without having to sell the house.