Home Mortgage

Home Mortgage

A loan used to buy real estate where one resides. A home mortgage is secured by the property it is used to purchase. One must make monthly payments on a home mortgage, and there is a set term before full payment is due, often 15, 20 or 30 years. Some mortgages have fixed interest rates, while others have variable interest rates. If one defaults on a home mortgage, the bank making it may take possession of the real estate and sell it to recover its investment. Some banks, notably savings and loans, specialize in making mortgage loans. In the United States, home mortgages have more favorable tax implications than mortgages on other properties. See also: Mortgage-backed security.
References in periodicals archive ?
BANKING AND CREDIT NEWS-March 7, 2017-Inland Home Mortgage adds Vice President/Area Manager
30 July 2012 - US mortgage loan products specialist AnnieMac Home Mortgage said it had acquired Louviers Home Mortgage without providing financial details.
According to the FTB, audits of tax returns with large home mortgage interest deductions indicate that many taxpayers and tax practitioners are not complying with the rules regarding debt limitations on the deductibility of home mortgage interest.
Sue Winters was named Alaska reverse mortgage consultant for Wells Fargo Home Mortgage, a division of Wells Fargo Bank N.
The Federal Reserve Board published on December 21, 2004, its annual notice of the asset-size exemption threshold for depository institutions under Regulation C (Home Mortgage Disclosure), which implements the Home Mortgage Disclosure Act (HMDA).
Home Mortgage will also change its logo, adopting the ABN AMRO shield.
If you already have a home mortgage, this is an ideal time to refinance," says Stephanie Simon, vice president of emerging markets at Wells Fargo Home Mortgage (www.
In a move that will help thousands more families become homeowners each year, Housing and Urban Development Secretary Andrew Cuomo has announced that HUD has begun insuring larger home mortgage loans across the country - up to nearly $220,000 in some area for single-family homes.
the largest independent home mortgage company, said fiscal first-quarter earnings rose 30 percent, as low interest rates prompted a boom in home buying.
Although home mortgage interest remains deductible as an itemized deduction, the economic benefits of financed home ownership declined significantly over the past decade.
HOUSTON -- Allied Home Mortgage Capital Corporation, the nation's largest privately held mortgage banker and broker (www.
Wells Fargo Home Mortgage expanded its Eagle River branch and acquired space from an adjacent office, making the branch more than twice its previous size.