plural of mortgaging

Alternative spelling of mortgageable

(finance) A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan. Contrasted with repayment mortgage.

Any financial institution that obtains its profit by lending mortgages for the purchase of property / (Britain) Any former mutual building society that is now a bank

plural of reverse mortgage

(finance) An agreement under which money is borrowed to be repaid only when the borrower sells their home or dies or moves.

plural of wraparound mortgage

A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.

(finance) Having mortgages as collateral.

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.