GROWING-EQUITY MORTGAGE
Mortgage with fixed interest rate in which monthly payments increase over time, based on a fixed schedule. The rate on the loan is constant and never has any negative amortization. The first payment is a fully amortizing payment. As the payments escalate, the additional amount over and beyond what would be a fully amortizing payments goes directly to the principal on the mortgage, decreasing the life of the mortgage and increasing interest savings.
POPULAR TERMS
Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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