Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• MORTGAGE PAYMENT - The monthly payment of interest and principal made by the borrower. The formula used...
  
  
• MORTGAGE PIPELINE - The period from the taking of applications from prospective mortgage borrowers to t...
  
  
• MORTGAGE POOL - a group of mortgages assembled to form the collateral for securities. Mortgage payments...
  
  
• MORTGAGE PORTFOLIO - The aggregate of mortgage loans held by an investor, or serviced by a mortgage ban...
  
  
• MORTGAGE PRICE - The interest rate, points and fees paid to the lender and/or mortgage broker. On ARMs...
  
  
• MORTGAGE PROGRAM - A bundle of mortgage characteristics that lenders see fit to distinguish as a distin...
  
  
• MORTGAGE QUALIFYING RATIO - Used to calculate the maximum amount of funds that an individual traditiona...
  
  
• MORTGAGE RATE - The cost or the interest rate you pay to borrow the money to buy your house.
  
  
• MORTGAGE REFERRALS - Advice on where to go to get a mortgage.
  
  
• MORTGAGE REFINANCE - A refinanced mortgage is one in which a borrower pays off an old loan with a new l...