Mortgage Loan
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A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan. The word mortgage is a Law French term meaning "death contract," meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure. A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. In many jurisdictions, though not all (Bali, Indonesia being one exception), it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets have developed. From Wikipedia under the
GNU Free Documentation License Matching Results for Mortgage Loan:conventional mortgage loanA fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the ... Chase in Willowick, OH | 295 Shoregate Mall, Willowick, OH Chase in Willowick, OH -- Map, Phone Number, Reviews, Photos and Video Profile for Willowick Chase. Chase appears in: Insurance, Banks, Mortgage & Loan Banks, ... blanket loan (US) A loan, or mortgage, for multiple subdivisions of a single tract ... Retrieved from "http://en.wiktionary.org/wiki/blanket_loan" Categories: English nouns ... From Wiktionary under the
GNU Free Documentation License Matching Results for Mortgage Loan:Dreams on SpecDirected by Daniel Snyder, it features interviews with a dozen Hollywood ... So we took out a loan—a second mortgage on the house—to finish the script and ... Survivor Series Matt: I would take out a loan and mortgage my house. Jerry: Trust me, Maryse would not be hanging around with somebody that is a regular joe out the street. ... Ron Paul Question: Your solutions, on stopping drug trade, is, give up, give up to world drugs. ... Furthermore, the holders of the mortgage debt will also have a loss. ... From Wikiquote under the
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