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an agreement that allows you to lớn borrow money from a bank or similar organization by offering something of value, esp. in order to buy a house or apartment, or the amount of money itself:
a legal agreement to borrow money from a bank or other financial organization, especially khổng lồ buy a house or other property, or the amount of money borrowed:
mortgage payment/repayment Once the interest rate rises, they won"t be able to lớn afford their monthly mortgage payments.
khổng lồ borrow money using property as security (= an asmix that will belong to lớn the lender if the borrower does not pay baông xã the loan):
Deducting the amount of outstanding mortgage then produces an estimate of the amount of equity each respondent has tied up in his or her trang chính.
Yet the law also required that all không tính phí ngân hàng notes be backed onefor-one with high-grade bonds or mortgages deposited with the state"s comptroller.
He also knew that he had to continue working for several more years because his mortgage would cthua trận when he was 75 years old.
The family"s business dealings often involved huge investments, which sometimes required loans taken off mortgages on family property.
In comparison, public pension funds invest more in real estate, primarily through direct investments & mortgage loans for their employees.
Most important was the local nature of the mortgage market in which " custom " prevented interest rates from floating above sầu six per cent per annum.
The authors set themselves the difficult tasks of addressing a broad audience of academics, policy-makers, mortgage lenders, housing associations, the voluntary sector và pressure groups.
Furthermore, the property crash particularly affected new entrants khổng lồ the market, who were left with high mortgages & negative sầu equity.
Older owner-occupiers are likely khổng lồ have sầu paid off their mortgages or have sầu mortgages which are small in relation to lớn the market value of their homes.
As might be expected, aggregate mortgage debt is positively correlated with the proportion of householders who have sầu mortgages (correlation = 0.78).
Researchers are not social planners, just human beings with kids to raise, tax bills & mortgages lớn pay.
Achieving an understanding of mortgagees" motivations is complicated by our discovery that mortgages were not all the same.
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Các trường đoản cú hay được thực hiện cùng với mortgage.
Few people now feel confident that their job will be around for the 25-year duration of the conventional mortgage.
On average, 45.4 per cent of the sum due was simply settled by taking on the existing mortgage debt, & another 16.4 per cent by contracting new debt.
Are we talking about a weighted average fixed-rate mortgage for 25 years or are we talking about a floating-rate mortgage?