Phrases with «first mortgage»

A "first mortgage" refers to a loan that has top priority to be repaid in a property purchase. It is the primary loan taken out to buy a house, and takes precedence over any other loans or liens on the property. Full definition

Related phrases

Sentences with «first mortgage»

  • No closing cost offer is available on first mortgage refinance transactions with 80 % maximum loan - to - value. (etfcu.org)
  • The mortgage business includes the origination, fulfillment, sale and servicing of first mortgage loan products. (wikinvest.com)
  • The down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. (reidownpayment.org)
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