Phrases with «existing mortgage»

"Existing mortgage" refers to a home loan that is already in place and currently being paid off by the borrower. It means the mortgage was taken out earlier, and the borrower is currently making regular payments to repay the loan. Full definition

Related phrases

Sentences with «existing mortgage»

  • Equity is simply the value of a home minus the value of existing mortgages on it. (mortgagebrokerstore.com)
  • Lenders for private mortgages look at existing mortgages on your home and the predicted selling price of your home. (mortgagebrokerstore.com)
  • Some lenders have offered existing mortgage loan customers the chance to refinance with low closing costs. (loanbiz.com)
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