 |
|
|
 |
|
A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
|
|
 |
|
|
|
| Market Rate-
The estimate of the average rate being charged by lenders for conventional, fixed-rate loans.
|
 |
|
|
|
|
|
|
|
| Maturity-
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable
|
|
|
|
|
|
|
|
|
| Mortgage-
A written notice from a bank or other lending institution establishing a specific amount of funds being lent to purchase a property, and held by the institution as security for said money borrowed. It sets up the conditions of repayment for a piece of property. Conventional mortgages generally run from 10 to 30 years, during which time the loan must be paid off.
|
|
|
|
|
|
|
|
|
| Mortgagee-
The lender in a mortgage agreement |
|
|
|
|
|
|
|
|
| Mortgagor-
The borrower in a mortgage agreement.
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
