First Mortgages financial definition of First Mortgages. First Mortgages finance term by the Free Online Dictionary.

First mortgage

A type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default.

First Mortgage

A mortgage on a property in which the lender has the right to full payment before any other lenders or liens on the same property are paid. That is, if the borrower defaults on the mortgage, the lender of the first mortgage has first right to the property and other lenders using the same property as collateral may only use it after the first lender has been fully satisfied. Generally speaking, first mortgages carry lower risk for lenders than other mortgages.

first mortgage

A real estate loan with the right to payment in full before payments to other lenders are made. First mortgages are generally considered low-risk investments, although the quality of real estate pledged as collateral is of crucial importance in determining the riskiness of the mortgage.

first mortgage

A real estate loan made to the borrower and recorded in the public records by the lender,before any other mortgages.

First Mortgage

A mortgage that has a first-priority claim against the property in the event the borrower defaults on the loan.

For example, a borrower defaults on a loan secured by a property worth $100,000 net of sale costs. The property has a first mortgage with a balance of $90,000 and a second mortgage with a balance of $15,000. The first mortgage lender can collect $90,000 plus any unpaid interest and foreclosure costs. The second mortgage lender can collect only what is left of the $100,000.

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80-10-10 mortgage 80/10/10 and 80/15/5 Loan Plans Bono con garantia hipotecaria de primer grado commencement of work cross-defaulting clause Debt Consolidation Hipoteca de primer grado home equity line of credit lifting clause mortgage notice-race statute preferred creditor second mortgage senior mortgage silent second Subordinate Financing Subordination Policy Truth in Lending	Foreclosure generally happens only to first mortgages as it is normally the first mortgage company that initiates the process. Stopping a Second Mortgage Foreclosure by Ask Bill / Banking, finance and accounting community The company has bought discounted first mortgages, B notes and mezzanine interests. New mortgage program by Real Estate Weekly The fact that refinanced first mortgages are larger due to debt consolidation and equity cash out underscores the need for improved customer retention efforts," notes Marple. The Debt Consolidation Refinancing Boom of 2001; More Borrowers Are ... by PR Newswire	Firm Anomalies firm commitment Firm Commitment Underwriting Firm market Firm Offer Firm Order Firm Quote Firm's Net Value of Debt Firm-Specific News Firm-specific risk Firma no socia FIRREA First board First Call First Call Date First Coupon First Cruzeiro First Dollar Coverage First East African Shilling First Fundamental Welfare Theorem First Home First Icelandic Krona First In, First Out First market first mortgage First Mortgages First Notice Day First Position Day first preferred stock First Section First Sudanese Pound first-generation space first-in, first-out First-pass regression First-Time Homebuyer first-year depreciation Fiscal agency agreement Fiscal Agency Services Fiscal Agent Fiscal Drag Fiscal Neutrality Fiscal Period Fiscal Policy Fiscal Quarter Fiscal stimulus fiscal year Fiscal Year-End Fiscalmente rilevante Fischer Black Fisco Fisher Effect	First Midwest Bancorp Inc. First Midwest Bank First Mildura Irrigation Trust First mile First mile First Mile First Inch First Mile Wireless First Mini First Mini First Minister First Minister First Minister's Questions First Missionary Baptist Church First Missouri State Capitol State Historic Site First Model Press First Module in Shop first molar first moment First Moment of Truth First Monday Trade Days First Montauk Financial Corp. First Montessori School of Atlanta First Morning Urine Albumin/Creatinine first mortgage first mortgage first mortgage First Mortgage Bond First Mortgage Correspondent Lender First Mortgage Lenders/Brokers First Mortgages First Moscow Watch Factory first motion First Motion Picture Unit First Mount Zion Baptist Church first move First Mover First Multiple Listings Service First Municipal Infrastructure Project First Mutual Transportation Assurance Company First Myoclonic Jerk first name first name first name First name basis First name basis First Name Unknown First Name/Last Name First Names First Names First Nation First Nation First Nation Child and Family Services First Nation Information Project First Nation Infrastructure Fund First Nation of Nacho Nyak Dun First National Assessment of River Health First National Bank First National Bank and Trust

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References in periodicals archive

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80-10-10 mortgage
80/10/10 and 80/15/5 Loan Plans
Bono con garantia hipotecaria de primer grado
commencement of work
cross-defaulting clause
Debt Consolidation
Hipoteca de primer grado
home equity line of credit
lifting clause
mortgage
notice-race statute
preferred creditor
second mortgage
senior mortgage
silent second
Subordinate Financing
Subordination Policy
Truth in Lending

Foreclosure generally happens only to first mortgages as it is normally the first mortgage company that initiates the process.

Stopping a Second Mortgage Foreclosure by Ask Bill / Banking, finance and accounting community

The company has bought discounted first mortgages, B notes and mezzanine interests.

New mortgage program by Real Estate Weekly

The fact that refinanced first mortgages are larger due to debt consolidation and equity cash out underscores the need for improved customer retention efforts," notes Marple.

The Debt Consolidation Refinancing Boom of 2001; More Borrowers Are ... by PR Newswire

First Midwest Bancorp Inc.
First Midwest Bank
First Mildura Irrigation Trust
First mile
First mile
First Mile First Inch
First Mile Wireless
First Mini
First Mini
First Minister
First Minister
First Minister's Questions
First Missionary Baptist Church
First Missouri State Capitol State Historic Site
First Model Press
First Module in Shop
first molar
first moment
First Moment of Truth
First Monday Trade Days
First Montauk Financial Corp.
First Montessori School of Atlanta
First Morning Urine Albumin/Creatinine
first mortgage
first mortgage
first mortgage
First Mortgage Bond
First Mortgage Correspondent Lender
First Mortgage Lenders/Brokers

First Mortgages

First Moscow Watch Factory
first motion
First Motion Picture Unit
First Mount Zion Baptist Church
first move
First Mover
First Multiple Listings Service
First Municipal Infrastructure Project
First Mutual Transportation Assurance Company
First Myoclonic Jerk
first name
first name
first name
First name basis
First name basis
First Name Unknown
First Name/Last Name
First Names
First Names
First Nation
First Nation
First Nation Child and Family Services
First Nation Information Project
First Nation Infrastructure Fund
First Nation of Nacho Nyak Dun
First National Assessment of River Health
First National Bank
First National Bank and Trust

first mortgage (redirected from First Mortgages)

first mortgage
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