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1 mortgage
Fin [m1]1. a financial lending arrangement whereby an individual borrows money from a bank, or another lending institution, in order to buy property or land. The original amount borrowed, the principal, is then repaid with interest to the lender over a fixed number of years.2. a borrowing arrangement whereby the lender is granted a legal right to an asset, usually a piece of real estate, should the borrower default on the repayments. Mortgages are usually taken out by individuals who wish to secure a longterm loan to buy a home. -
2 interest-only mortgage
Fina long-term loan, usually for the purchase of real estate, in which the borrower only pays interest to the lender during the term of the mortgage, with the principal being repaid at the end of the term. It is thus the borrower’s responsibility to make provisions to accumulate the required capital during the period of the mortgage, usually by contributing to tax efficient investment plans. -
3 mortgage rate
Finthe interest rate charged on a mortgage by a lender -
4 interest rate cap
Finan upper limit on a rate of interest, for example, in an adjustablerate mortgage -
5 interest rate floor
Fina lower limit on a rate of interest, for example, in an adjustablerate mortgage -
6 current account mortgage
Fina longterm loan, usually for the purchase of real estate, in which the borrower pays interest on the sum loaned in monthly installments and repays the principal in one lump sum at the end of the term. When calculating the interest payments, the lender takes into account the balance in the borrower’s current and/or savings accounts. It is the borrower’s responsibility to make provisions to accumulate the required capital during the period of the mortgage, usually by contributing to tax efficient investment plans such as Individual Savings Accounts or by relying on an anticipated inheritance. -
7 low start mortgage
Fina long-term loan, usually for the purchase of real estate, in which the borrower only pays the interest on the loan for the first few years, usually three. After that, the repayments increase to cover the interest and part of the original loan, as in a repayment mortgage. Low start mortgages are popular with first-time buyers as the lower initial costs may free up funds for furnishings or home improvements. -
8 repayment mortgage
Fina long-term loan, usually for the purchase of real estate, in which the borrower makes monthly payments, part of which cover the interest on the loan and part of which cover the repayment of the principal. In the early years, the greater proportion of the payment is used to cover the interest charged but, as the principal is gradually repaid, the interest portion diminishes and the repayment portion increases. -
9 endowment mortgage
Fina long-term loan, usually for the purchase of real estate, in which the borrower makes two monthly payments, one to the lender to cover the interest on the loan, and the other as a premium paid into an endowment insurance policy. At the end of the loan’s term, the proceeds from the endowment policy are used to repay the principal (see mortgage). -
10 base rate tracker mortgage
Fina mortgage whose interest rate varies periodically, usually annually, so as to remain a specified amount above a particular standard rateThe ultimate business dictionary > base rate tracker mortgage
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11 second mortgage
Fina loan, that uses the equity on a mortgaged property as security, taken out with a different lender than the first mortgage. As the first mortgagee holds the deeds, the second mortgagee has to register its interest and cannot foreclose without the first mortgagee’s permission. -
12 interés hipotecario
• mortgage interest -
13 intereses hipotecarios
• mortgage interest -
14 процент по закладной
Юридический русско-английский словарь > процент по закладной
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15 процент по закладной
Русско-английский словарь по экономии > процент по закладной
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16 процент по закладной
Русско-английский юридический словарь > процент по закладной
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17 процент по закладной
Русско-Английский новый экономический словарь > процент по закладной
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18 продажа закладных
Русско-английский большой базовый словарь > продажа закладных
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19 срок закладной
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20 закладная
Бизнес, юриспруденция. Русско-английский словарь > закладная
См. также в других словарях:
Mortgage Interest — The interest charged on a loan used to purchase a residence. Mortgage interest is charged for both primary and secondary loans, home equity loans, lines of credit, and as long as the residence is used to secure the loan. Mortgage interest is… … Investment dictionary
Mortgage Interest Relief At Source — Mortgage Interest Relief at Source, or MIRAS, was a scheme introduced in the United Kingdom by Chancellor of the Exchequer Roy Jenkins in 1969 [1] in a bid to encourage home ownership; it allowed borrowers tax relief for interest payments on… … Wikipedia
mortgage interest tax relief at source — ➔ MIRAS … Financial and business terms
Mortgage Interest Deduction — A common itemized deduction that allows homeowners to deduct the interest they pay on any loan used to build, purchase or make improvements upon their residence. The mortgage interest deduction can also be taken on loans for second homes and… … Investment dictionary
mortgage interest relief — /ˌmɔ:gɪdʒ ɪntrəst rɪˌli:f/ noun a tax benefit which allows people to pay no tax on mortgage interest payments up to a certain level … Dictionary of banking and finance
mortgage interest relief at source — ( MIRAS) A tax subsidy for individuals with mortgages. 10% of the interest on the first £30,000 of a mortgage is eligible for tax relief. For example, if a mortgage of £30,000 incurred £3,500 of interest in the year, the individual paying the… … Financial and business terms
mortgage interest relief at source — /ˌmɔ:gɪdʒ ˌɪntrəst rɪˌli:f ət sɔ:s/ noun a scheme by which the borrower may repay interest on a mortgage less the standard rate tax which he or she would otherwise have to pay on it (i.e. he or she does not pay the full interest and then reclaim… … Dictionary of banking and finance
mortgage interest deduction — A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. Bloomberg Financial Dictionary … Financial and business terms
Home mortgage interest deduction — Taxation An aspect of fiscal policy … Wikipedia
Form 8396: Mortgage Interest Credit — A tax form distributed by the Internal Revenue Service (IRS) and used by filers seeking to claim mortgage interest credit on their tax return. In order to claim a mortgage credit, the taxpayer must first have obtained a Mortgage Credit… … Investment dictionary
mortgage interest relief at source — MIRAS Formerly, an arrangement allowing income tax relief to be given to a mortgagor on the first £30,000 of a loan taken out to purchase a main residence. Introduced in 1982 to encourage home ownership, it was progressively restricted from 1994… … Accounting dictionary