FACTOID # 10: The total number of state executions in 2005 was 60: 19 in Texas and 41 elsewhere. The racial split was 19 Black and 41 White.
 
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Encyclopedia > Blanket loan

A blanket loan, or blanket mortgage, is a mortgage client securing several parcels of property, frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels. The developer normally requires a "partial release" clause so that individual parcels can be released from the blanket mortgage as they are sold. A mortgage is a method of using property as security for the payment of a debt. ...


External links

  • Home mortgage pitfalls - by AdjustCredit

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Mortgage - Wikipedia, the free encyclopedia (3732 words)
The loans are typically not repaid until the borrowers die, hence the age restriction.
A partial amortization or balloon loan is one where the amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding principal balance is due at some point short of that term.
The most common way of describing a balloon loan uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due.
Glossary for Mortgage Home Loans (4607 words)
Condition in a mortgage that may require the balance of the loan to become due immediately, if regular mortgage payments are not made or for breach of other conditions of the mortgage.
A mortgage loan not insured by HUD or guaranteed by the Veterans' Administration.
A loan that is larger than the conforming loan limit established by Fannie Mae or Freddie Mac.
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