Home
E-Mail
Latest

Junior Mortgage Financial Glossary

What is it? Any mortgage of lessor priority than a first mortgage. Second mortgages, third mortgages, and most home equity loans are junior mortgages.

Finance Term Definition Added By: Natalie

The Junior Mortgage definition has been viewed 2502 Time(s)!




Send To Friends!

If you'd like to send the Junior Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Junior Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term debtor in possession is In some bankruptcy proceedings, the debtor, rather than a trustee, may continue to operate the business. The debtor in possession is the same person or company that controlled the business prior to the bankruptcy, however, the debtor in possession is a different legal entity.

Financial Term Financing is All transactions relating to raising funds to operate the business

Financial Term Mortgage servicing is Performing the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, insurance is in force, etc. Servicing may be done, for a fee, by the lender or by a company acting for the lender.

Financial Term Maturity is The date on which the principal balance of a loan comes due.

Financial Term Partial Disability is A disability that is less than total (according to the particular definition relating to the contract in question) but still sufficient to hamper you in your job.