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Insured Mortgage

The definition for Insured Mortgage:

A mortgage insured against loss to the mortgagee in the event of default and a failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure. May be insured by F.H.A., V.A., or by private mortgage insurance companies.




Similar Matches

Adjustable Rate Mortgages (arms)

Adjustable Rate Mortgages (arms)
Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Mortgage Loans (AML'S), Flexible Rate Loans, Variable Rate Loans.


All inclusive Trust Deed (wrap around mortgage)

All inclusive Trust Deed (wrap around mortgage)
A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced.


Blanket Mortgage

Blanket Mortgage
(1) A mortgage covering more than one property of the mortgagor, such as a mortgage covering all the lots of a builder in a subdivision. (2) A mortgage covering all real property of the mortgagor, both present and future. When used in this meaning it is also called a "general mortgage".


Further Suggestions

Direct Reduction Mortgage
Equitable Mortgage
Federal National Mortgage Association
First Mortgage
Gnma (government National Mortgage Association) Options
Graduated Payment Mortgage
Growing Equity Mortgage (gem)


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Insured Mortgage
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