HomeSite MapCompareFinanceDebtCasino Council of Mortgage LendersThe mortgage definition for Council of Mortgage Lenders:An institution that sets out code a code of good practice which mortgage lenders volunteer to stick to - they are not regulated by the government. Similar MatchesAssumable mortgageAssumable mortgageA mortgage that can be transferred to another borrower. Balloon mortgageBalloon mortgageA 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 mortgageA mortgage that requires payments every two weeks and helps repay the loan over a shorter term. Further SuggestionsBlanket mortgageBuy down mortgage Cap & collar mortgage Capped rate mortgage Cashback mortgages Chattel mortgage Cooperative mortgages Click to compare definitions of Council of Mortgage Lenders Click to view definitions beginning co |