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Mortgage Types :
Mortgage Companies :
Building Societies :
Loans :
Loan Companies:
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| Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter. |
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Monthly Interest : It is a mode of computing mortgage interest for a month.
- Mortgage Deed : This is a legal document associated with the interest of mortgage lender in your property.
- Mortgage Indemnity Guarantee : Refer Higher Lending Charge
- Mortgage Offer : It is the amount, which is provided by the lender to loan you the amount for making property payment.
- Mortgage Payment Protection Insurance (MPPI): This insurance is aimed for making payments of mortgage every month for a short duration customarily up to a year, in case you are not capable of working during ill health, accident or unemployment.
- Mortgage Term : It is the period for which it is necessary to repay mortgage. Frequently this is for 25 years - yet it can be for shorter duration, or sometimes for longer phase.
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