Portable mortgage
Definition
A mortgage that can be moved from one property to another. These were introduced in the US by E*TRADE Mortgage in 2003. See Portable Mortgages: A Useful Option?
Related Terms Other terms related to 'Portable mortgage' starting with the letter 'P' Partial prepayment, Per diem interest, Payment power, Price gouging, Prepayment Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 