One hundred percent mortgage
The mortgage definition for One hundred percent mortgage:
A loan for the full cost of the home you are buying if are unable to raise a deposit to buy a property. You may have no existing equity, no savings, be using up all you do have on the other costs of the move, or perhaps be saving what you do have so that you can fix up your new home when you do buy it.
Assumable mortgageAssumable mortgage
A mortgage that can be transferred to another borrower.
Balloon mortgageBalloon 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 mortgageBiweekly 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
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