Mortgage Loan: Copy, customize, and use instantly
Introduction
The term "Mortgage Loan" refers to a loan secured by real property, typically for the purpose of purchasing or refinancing the property. This term is essential for defining the rights, obligations, and conditions associated with such loans in financial and legal agreements.
Below are examples of how "Mortgage Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Mortgage Loan" in residential property financing
This definition ties "Mortgage Loan" to home purchases.
"Mortgage Loan" means any loan secured by a mortgage, deed of trust, or similar lien on residential real property, intended for the acquisition or refinancing of the property.
Definition of "Mortgage Loan" in commercial real estate
This definition connects "Mortgage Loan" to business properties.
"Mortgage Loan" refers to any loan secured by commercial real estate, including office buildings, retail spaces, or industrial properties, and used for acquisition, construction, or refinancing purposes.
Definition of "Mortgage Loan" in securitization pools
This definition links "Mortgage Loan" to asset-backed securities.
"Mortgage Loan" means any loan included in a securitization pool, secured by a first-priority lien on real property, and generating payments for investors in the security.
Definition of "Mortgage Loan" in government-backed programs
This definition applies "Mortgage Loan" to federally insured loans.
"Mortgage Loan" refers to any loan insured or guaranteed by a governmental agency, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), and secured by real property.
Definition of "Mortgage Loan" in adjustable-rate structures
This definition ties "Mortgage Loan" to variable interest rates.
"Mortgage Loan" means any loan secured by real property, featuring an adjustable interest rate that fluctuates based on an index or benchmark rate.
Definition of "Mortgage Loan" in fixed-rate structures
This definition connects "Mortgage Loan" to stable interest rates.
"Mortgage Loan" refers to any loan secured by real property, featuring a fixed interest rate throughout its term.
Definition of "Mortgage Loan" in construction financing
This definition links "Mortgage Loan" to building projects.
"Mortgage Loan" means any loan secured by real property, used to finance the construction of a residential or commercial structure.
Definition of "Mortgage Loan" in portfolio management
This definition applies "Mortgage Loan" to financial portfolios.
"Mortgage Loan" refers to any loan held as part of a lender's portfolio, secured by real property, and generating interest income for the lender.
Definition of "Mortgage Loan" in foreclosure proceedings
This definition ties "Mortgage Loan" to default scenarios.
"Mortgage Loan" means any loan secured by real property, subject to foreclosure proceedings upon the borrower’s default.
Definition of "Mortgage Loan" in equity release agreements
This definition connects "Mortgage Loan" to home equity products.
"Mortgage Loan" refers to any loan that allows borrowers to access the equity in their property, secured by a lien on the property.
Definition of "Mortgage Loan" in refinancing transactions
This definition ties "Mortgage Loan" to debt restructuring.
"Mortgage Loan" means any loan secured by real property, issued to replace or restructure an existing loan with revised terms and conditions.
Definition of "Mortgage Loan" in second lien arrangements
This definition connects "Mortgage Loan" to subordinate claims.
"Mortgage Loan" refers to any loan secured by a second-priority lien on real property, subordinate to a first mortgage.
Definition of "Mortgage Loan" in reverse mortgages
This definition links "Mortgage Loan" to senior borrower financing.
"Mortgage Loan" means any loan secured by real property that allows homeowners to access their equity without monthly repayment obligations until certain triggering events occur.
Definition of "Mortgage Loan" in interest-only terms
This definition applies "Mortgage Loan" to specific payment structures.
"Mortgage Loan" refers to any loan secured by real property, where the borrower is required to pay only interest for an initial period.
Definition of "Mortgage Loan" in non-performing loans
This definition ties "Mortgage Loan" to delinquent obligations.
"Mortgage Loan" means any loan secured by real property that is classified as non-performing due to default or delinquent payments.
Definition of "Mortgage Loan" in high loan-to-value (LTV) ratios
This definition connects "Mortgage Loan" to leveraged financing.
"Mortgage Loan" refers to any loan secured by real property with a loan-to-value ratio exceeding the industry’s standard thresholds.
Definition of "Mortgage Loan" in jumbo loans
This definition links "Mortgage Loan" to high-value properties.
"Mortgage Loan" means any loan secured by real property that exceeds the conforming loan limits set by government-sponsored entities.
Definition of "Mortgage Loan" in subordinate financing structures
This definition applies "Mortgage Loan" to layered debt arrangements.
"Mortgage Loan" refers to any secondary or subordinate loan secured by real property, ranking below primary financing.
Definition of "Mortgage Loan" in rural property financing
This definition ties "Mortgage Loan" to agricultural or undeveloped land.
"Mortgage Loan" means any loan secured by rural real property, including farmland or undeveloped land, for residential or commercial purposes.
Definition of "Mortgage Loan" in distressed asset portfolios
This definition connects "Mortgage Loan" to financial recovery scenarios.
"Mortgage Loan" refers to any loan secured by real property that is part of a distressed asset portfolio, subject to restructuring or liquidation.
Definition of "Mortgage Loan" in shared appreciation structures
This definition links "Mortgage Loan" to profit-sharing arrangements.
"Mortgage Loan" means any loan secured by real property where repayment terms include sharing a portion of the property’s appreciation.
Definition of "Mortgage Loan" in hybrid loan arrangements
This definition applies "Mortgage Loan" to blended rate products.
"Mortgage Loan" refers to any loan secured by real property that combines fixed and adjustable-rate periods.
Definition of "Mortgage Loan" in tax-exempt bonds
This definition ties "Mortgage Loan" to municipal financing.
"Mortgage Loan" means any loan secured by real property funded through tax-exempt municipal bonds for affordable housing development.
Definition of "Mortgage Loan" in seller-financed transactions
This definition connects "Mortgage Loan" to direct seller agreements.
"Mortgage Loan" refers to any loan secured by real property where the property seller provides financing to the buyer.
Definition of "Mortgage Loan" in cross-collateralization agreements
This definition links "Mortgage Loan" to pooled security structures.
"Mortgage Loan" means any loan secured by multiple properties, used as collateral to support repayment.
Definition of "Mortgage Loan" in balloon payment structures
This definition applies "Mortgage Loan" to deferred repayment terms.
"Mortgage Loan" refers to any loan secured by real property, requiring a large lump-sum payment at the end of the term.
Definition of "Mortgage Loan" in private lending markets
This definition ties "Mortgage Loan" to non-institutional financing.
"Mortgage Loan" means any loan secured by real property, originated by private or non-traditional lenders.
Definition of "Mortgage Loan" in adjustable payment schedules
This definition connects "Mortgage Loan" to flexible repayment options.
"Mortgage Loan" refers to any loan secured by real property that allows for periodic adjustments to the payment amount based on borrower needs or market conditions.
Definition of "Mortgage Loan" in green financing initiatives
This definition links "Mortgage Loan" to environmentally sustainable projects.
"Mortgage Loan" means any loan secured by real property, issued to fund eco-friendly building or renovation projects.
Definition of "Mortgage Loan" in prepayment penalty clauses
This definition applies "Mortgage Loan" to early payoff restrictions.
"Mortgage Loan" refers to any loan secured by real property that includes provisions for penalties in case of early repayment.
Definition of "Mortgage Loan" in low-income housing programs
This definition ties "Mortgage Loan" to affordable housing initiatives.
"Mortgage Loan" means any loan secured by real property intended for the development or acquisition of affordable housing units.
Definition of "Mortgage Loan" in cross-border financing
This definition connects "Mortgage Loan" to international property loans.
"Mortgage Loan" refers to any loan secured by real property in a foreign jurisdiction, subject to local laws and regulations.
Definition of "Mortgage Loan" in fixed amortization terms
This definition links "Mortgage Loan" to consistent repayment structures.
"Mortgage Loan" means any loan secured by real property, featuring a fixed amortization schedule over its term.
Definition of "Mortgage Loan" in warehouse lending agreements
This definition applies "Mortgage Loan" to short-term funding.
"Mortgage Loan" refers to any loan secured by real property, held temporarily in a warehouse lending facility before sale or securitization.
Definition of "Mortgage Loan" in recourse financing
This definition ties "Mortgage Loan" to borrower liability.
"Mortgage Loan" means any loan secured by real property, where the lender retains the right to pursue the borrower for deficiencies in repayment.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.