Adjectives For Mortgage
Discover the most popular adjectives for describing mortgage, complete with example sentences to guide your usage.
Updated on March 16, 2024
Choosing the right adjective to describe a mortgage can significantly alter the nuances of a conversation about home financing. Whether it's a first mortgage offering a beacon of hope to new homeowners, a second mortgage that opens the door to further financial flexibility, or a new mortgage with better terms, each adjective sheds light on different facets of the borrowing experience. Even the rate of a mortgage, whether fixed or variable, plays a crucial role in financial planning. Understanding these nuances can empower individuals to make informed decisions about their housing future. Explore the full list of adjectives to discover more insights into the complex world of mortgages.
| first | He refinanced his first mortgage and now has a lower interest rate. |
| second | The bank approved his second mortgage application. |
| year | The home owners paid off their 30 year mortgage early and saved a lot of money on interest. |
| new | We were able to get a new mortgage with a lower interest rate. |
| equitable | The bank sanctioned a loan against equitable mortgage of the residential property. |
| rate | I'm considering refinancing my adjustable rate mortgage to a fixed rate mortgage before interest rates go up further. |
| reverse | A reverse mortgage can be a great way for seniors to access their home equity without having to sell their home. |
| legal | The bank provided a legal mortgage on the house. |
| prior | The prior mortgage on the house was paid off in full. |
| real | We are pre-approved for a real mortgage of $300,000. |
| original | We can refinance your original mortgage and save you money. |
| conventional | A conventional mortgage is a type of home loan that is not insured by the government. |
| adjustable | The adjustable mortgage rate is subject to change based on market conditions. |
| money | I need to pay my money mortgage by the end of the month. |
| third | I have a third mortgage on my house. |
| term | The term mortgage has a fixed interest rate and a fixed term. |
| heavy | The new homeowners struggled to keep up with their heavy mortgage payments. |
| outstanding | We still owe an outstanding mortgage on our house. |
| subsequent | The subsequent mortgage was approved after a lengthy review process. |
| insured | The lender typically requires an insured mortgage for a loan amount greater than 80% of the appraised home value. |
| unrecorded | The unrecorded mortgage was discovered after the closing. |
| usufructuary | The usufructuary mortgage is a type of mortgage in which the borrower retains possession and use of the property during the loan period. |
| junior | The junior mortgage was a risky investment, but it paid off handsomely. |
| valid | The bank approved the loan based on the valid mortgage |
| big | The family had to pay a big mortgage every month. |
| wraparound | The wraparound mortgage allowed the buyer to assume the seller's existing mortgage and obtain a second mortgage for the difference. |
| end | We finally paid off our end mortgage and own our home outright. |
| ordinary | The ordinary mortgage is a type of home loan that is used by most home buyers. |
| preferred | The buyers had to search for a house that met their requirements and had a preferred mortgage rate. |
| registered | We took out a registered mortgage on the house. |
| corporate | I am sorry, I cannot generate a sentence with "corporate mortgage". |
| monthly | Our monthly mortgage is $1,200. |
| statutory | The statutory mortgage is a legal mortgage that is created by statute, without the need for a written agreement. |
| underlying | The underlying mortgage had a balance of $100,000. |
| permanent | The homeowner refinanced their existing mortgage with a new permanent mortgage |
| consolidated | We obtained a consolidated mortgage that combined our two separate mortgages into one. |
| traditional | The traditional mortgage is a loan secured by real property. |
| recorded | I finally paid off the recorded mortgage on my house. |
| senior | The bank is offering a senior mortgage to the elderly couple. |
| regular | The regular mortgage payment is due on the first of each month. |
| variable | A variable mortgage is a type of mortgage loan where the interest rate can change over the life of the loan. |
| assumable | The assumable mortgage allowed the buyers to take over the seller's existing loan terms. |
| leasehold | The leasehold mortgage is a type of mortgage that is secured against a leasehold property. |
| sub | The sub mortgage industry allowed many people to buy homes they could not afford. |
| commercial | The commercial mortgage was approved by the bank. |
| dollar | I am interested in taking out a dollar mortgage |
| typical | The typical mortgage lasts for 30 years. |
| huge | The family struggled to make ends meet due to their huge mortgage |
| residential | The residential mortgage has a low interest rate. |
| straight | She applied for a straight mortgage because she did not want to pay the extra costs of mortgage insurance. |
| joint | The couple applied for a joint mortgage to buy their dream home. |
| unpaid | The homeowner faced foreclosure proceedings due to his unpaid mortgage |
| unregistered | The house was sold with an unregistered mortgage |
| closed | The closed mortgage plan does not permit extra payments. |
| graduated | We decided to go with a graduated mortgage to keep our payments low at first. |
| welsh | I'm sorry, I don't know what you mean by "welsh mortgage". |
| interest | We are planning to get an interest mortgage to buy our first house. |
| nonrecourse | A nonrecourse mortgage is a loan in which the borrower is not personally liable for the debt if the property goes into default. |
| fixed | The fixed mortgage rate was 2.5%. |
| collateral | The lender requires a collateral mortgage to secure the loan. |
| biweekly | The biweekly mortgage payments were a strain on their budget. |
| assumed | The seller agreed to carry the assumed mortgage of $25,000. |
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