( June 2015 ) Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one...
What Is a Mortgage Bond? A mortgage bond is a bond that is secured by a mortgage, or a pool of mortgages, that are typically backed by real estate holdings and real property, such as...
What Are Mortgage-Backed Securities (MBS)? Mortgage-backed securities (MBS) are investments... Investors in mortgage-backed securities receive periodic payments like bond coupon payments....
The entire loan balance becomes due when the borrower dies, moves away permanently, or sells the home.2 Within each type of mortgage, borrowers have the option to buy discount points to buy...
What Is a Home Equity Conversion Mortgage (HECM)? A home equity conversion mortgage (HECM) is a type of reverse mortgage that is insured by the Federal Housing Administration (FHA) . Home...
What Is a Mortgage Rate Lock? A mortgage rate lock is an agreement between a borrower and a... a mortgage for a specified time period at the prevailing market interest rate. A loan lock...
Learn the definition of adjustable-rate mortgage (ARM) and how it works. Understand the benefits and risks involved with these types of mortgages.
A buydown can involve purchasing discount points against the mortgage loan, which may require payment of an up-front fee. Whether it makes sense to choose a buydown when buying a home can...
Define mortgage. mortgage synonyms, mortgage pronunciation, mortgage translation, English dictionary definition of mortgage. n. 1. A loan for the purchase of real property, secured by a lien on the...
Investopedia / Nez Riaz Understanding Breakeven Points A breakeven point can be applied to a... the mortgage—as well as costs related to maintenance and home improvements. At that...