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Mortgagee's title insurance
Mortgagee's title insurance An insurance policy protecting the lender for the amount of the loan in the event of a future title dispute.
RELATED TERMS--------------------------------------
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
SIMILAR TERMS--------------------------------------
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PREVIOUS AND NEXT TERMS--------------------------------------
Mortgage term
The period over which a mortgage must be repaid.
Mortgage types
For example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc.
Mortgage warehousing
A funding facility, such as a commercial bank, that is used by mortgage companies to fund loans which are sold to an investor shortly thereafter. The mortgage notes are used as collateral for this interim financing.
Mortgage-backed security (MBS)
A security guaranteed by pools of mortgages and used to channel funds from securities markets to housing markets. Ginnie Mae has a popular MBS program recognized for its low risk and high yield.
Mortgagee
The lender in a mortgage agreement.
Mortgagee's title insurance
Mortgage-interest deduction
Interest expense on a home loan that governments allow homeowners to subtract from their income before computing their income tax.
Mortgagor
The borrower in a mortgage agreement.
Motivated buyer
A prospective buyer who has a strong reason to buy, and quickly.
Motivated seller
Any seller with a strong incentive to make a deal.
Move-in condition
A house that is ready for a new occupant.
This dictionary contains 6433 terms. |
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