Types of housing loans and conditions for receiving facilities in 1401 (all banks) An issue that has occupied the minds of many young people and couples in recent years is the category of housing conditions and various types of mortgage facilities. Mortgage installments are also an …

What is a silent second mortgage? Silent second mortgages are mortgages that are taken out on properties that already have mortgages. With this particular approach, the holder of the first mortgage is not aware of the existence of this new second mortgage. Although legal in many parts …

Definition of mortgage recast Mortgage recast is when the borrower prepays part or all of the outstanding principal resulting in a reduction of the loan balance and therefore the financial institution recalculates the monthly mortgage loan payments based on the period balance, the amount of …