Names of different Mortgages Mr Garcia - Posted by Born

Posted by Ed Garcia on March 01, 2001 at 09:05:58:


Before you know it, I’ll be working exclusively for you. Tell you what I’m going to do. I’ll give you some names of different loans and let you find out what they are. As much as I’d like to, I just don’t have the time to spend my morning defining them for you.

Here Goes,

Swing Loan
Gap Loan
Construction Loan
Take Out Loan
Wrap-Around Loan
Stated Income
Easy Doc
Light Doc
No Doc
Carry-back Loan
Home Equity Loan
Credit Line
Credit Loan
Working Credit Line
Fix Rate Loan
Adjustable Loan
GPM (Graduated Payment Mortgage)
GEM (Growing Equity Mortgage)
Interim Financing
Junior Loan
Senior Loan
Lease Option
Leasehold Mortgage
Cross Collateralization
Blanket Lien
PAM (Pledge Account Mortgage)
Roll Over Loan
SAM (Shared Appreciation Mortgage)
Sinking Fund

And the list goes on…

Borne, Have fun with this list. It ought to keep you busy for a while. Why don’t you get back to us and share your definitions with the board.

Ed Garcia

Names of different Mortgages Mr Garcia - Posted by Born

Posted by Born on February 28, 2001 at 10:08:30:

Could you give names of different mortgage products and their definition? Ex mezzanine financing, bridge financing and so on .