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Full status mortgage

The mortgage definition for Full status mortgage:

A full status mortgage is for people who wish to make a lender aware of any previous arrears or debt problems they may have had. If they do not make the lender aware of these facts and they are latetr discovered, his could lead to all sorts of problems and the borrower could even be forced to sell the home. If you have a bad credit record some lenders will regard lending you money a high-risk activity. Many will not lend you money at all and when you can get a loan, you will undoubtedly have to pay a higher rate of interest than you would otherwise.

Similar Matches

Assumable mortgage

Assumable mortgage
A mortgage that can be transferred to another borrower.

Balloon mortgage

Balloon mortgage
A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.

Biweekly mortgage

Biweekly mortgage
A mortgage that requires payments every two weeks and helps repay the loan over a shorter term.

Further Suggestions

Blanket mortgage
Buy down mortgage
Cap & collar mortgage
Capped rate mortgage
Cashback mortgages
Chattel mortgage
Cooperative mortgages

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Full status mortgage
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