Definition: 1. Mortgaging: the process by which a borrower or lender buys the property that they are financing from another person, usually to get the funds needed for an investment or purchase. 2. Mortgage Payment: any amount paid on a mortgage loan, often calculated as a percentage of the principal balance owed at a fixed interest rate per period of repayment. 3. Mortgage Insurance: financial protection against loss due to default by the borrower on the principal of a mortgage loan. It is usually offered through banks or other lenders that offer loans under the terms of the agreement with borrowers. 4. Mortgage Calculator: an online tool or app used to determine the cost of various types of mortgage, such as fixed-rate, adjustable rate, and equity-backed mortgages. 5. Mortgage Payment Calculator: a financial calculator that allows users to estimate the monthly payments necessary for various mortgage loans based on the borrower's income, creditworthiness, and loan amount. 6. Mortgaged property: the legal term used by courts to describe an asset or right granted to someone as security against a debt. 7. Mortgage Lender: an individual or organization that issues a mortgage loan to a borrower, often in exchange for a deposit from the borrower. 8. Mortgagee: the person who is responsible for paying back the principal balance on the mortgage loan, either directly through a bank account or by making periodic payments. 9. Mortgage Document: any document required by a lender to verify that a borrower has met all of their financial obligations under the terms of the mortgage agreement. 10. Mortgages: refer to a series of loans typically issued for the purchase of real estate, such as single-family homes, commercial properties, and mobile home parks. 11. Mortgage Insurance Premium: a fee charged by banks or other lenders when they guarantee the repayment of a loan. 12. Mortgage Payment Adjustment: a process where the borrower can request an adjustment to their monthly mortgage payment based on changes in income or employment status. 13. Mortgaged Property Tax: the tax levied on the value of a property, which is typically paid by the lender to the homeowner when the property is sold. 14. Mortgage Agreement: a written agreement between a borrower and a lender detailing the terms of the mortgage loan, including the interest rate, payment schedule, and any other terms agreed upon during the loan negotiation process. 15. Mortgage Lender's Statement: an annual report issued by a mortgage lender listing their financial performance, assets, liabilities, and net worth. Remember, these are generalizations based on common terminology. The specific terms may vary depending on the type of loan and the country or region in which the person is living.

mortgage 95

Definition: Sure, I'll do my best to explain "mortgage 95 ltv." The term mortgage 95 LTV refers to a rate that borrowers typically pay on their home equity loans or lines of credit with banks or other financial institutions. It's an interest rate for a specific period of time, typically between two and five years. A higher LTV will require more monthly payments, often ranging from 20% to 36%, because the borrower is paying more than the fair value of the home on which they are lending. The term "95" in the mortgage 95 LTV rate means that there's a 95% chance that the loan will be repaid in full if the borrower defaults on it, based on their credit score and other factors. This is known as a "95% safe rate," because at this point in the repayment cycle, they have a good chance of paying off their debt. Keep in mind that each lender's mortgage 95 LTV rate varies, so it's important to check with your preferred bank or credit union to find out the exact interest rates for your loan.

mortgage 95 ltv