Mortgage Financing Definition | Law Insider (2024)

Mortgage Financing

means facilitating a loan secured or intended to be secured by mortgage by –

Mortgage Financing

means the incurrence by an Issuer or any of its Subsidiaries of any Indebtedness secured by a mortgage or other Lien on real property acquired or improved by such Issuer or any such Subsidiary after the date hereof.

Examples of Mortgage Financing in a sentence

  • There shall be no subordination of Landlord’s fee simple interest in the Premises to the lien of any Leasehold Mortgage or Sub-leasehold Mortgage financing nor shall Landlord be required to join in such mortgage financing.

  • Mortgage financing is typically not available in the self-built market.

  • The Applicant providing to the Corporation, Bond Counsel and Special Counsel the Note, Mortgage, financing statements, survey, insurance policies,scrow agreement, investment agreements, opinions of counsel including preference opinions, if required, and such other documents as are necessary to ensure that the Corporation has a secured Mortgage Loan.

  • Lags Murabahah Mortgage financing at Bank Syari'ah Indonesia KCP Kedaton Bandar LampungKPR is one of the consumer financing products from Indonesian Syari'ah banks that can help customers to have their dream homes.

  • Mortgage financing may be originated by the member, member’s partner, and/or the member may act as a pass-through to a governmental or nonprofit lender.


More Definitions of Mortgage Financing

Mortgage Financing

means the issuance of CMBS or other commercial mortgage financing, mezzanine financing, Preferred Interests and similar Real Property related financing entered into by any Subsidiary of Guarantor (other than the Term B Borrower) that is directly or indirectly collateralized by, or in the case of Preferred Interests, that directly or indirectly derive their value from, Real Property or, in each case, any Refinancing Debt incurred to refinance such Mortgage Financing.

Mortgage Financing

means the incurrence of up to $2,000,000 in aggregate principal amount of Indebtedness secured only by the Owned Real Estate; provided that the Company retains fee ownership of the Owned Real Estate.

Mortgage Financing

means negotiating or arranging loans secured by mortgage including receiving or dealing with payments under such transactions;6 Land Agents Act 1994

Mortgage Financing

means the mortgage financing pursuant to the Master Agreement in the amount of Seven Hundred Million and No/100 Dollars ($700,000,000) to be provided by MPT or its Affiliates to certain Subsidiaries of Xxxxxxx immediately following the closing under the Merger Agreement.

Mortgage Financing

means the mortgage financing pursuant to the Master Agreement in the amount of Seven Hundred Million and No/100 Dollars ($700,000,000) to be provided by MPT or its Affiliates to certain Subsidiaries of Steward immediately following the closing under the Merger Agreement.

Mortgage Financing

means the issuance of CMBS or other commercial mortgage financing, mezzanine financing, Preferred Interests and similar Real Property related financing entered into by any Subsidiary of the Revolving Credit Borrower (other than the Term B Borrower) that is directly or indirectly collateralized by, or in the case of Preferred Interests, that directly or indirectly derive their value from, Real Property or, in each case, any Refinancing Debt incurred to refinance such Mortgage Financing; provided, however, that the Borrowers shall have no Guarantee Obligations in respect of any such Mortgage Financing other than Limited Recourse Guarantee Obligations and other Guarantee Obligations specifically permitted by Section 5.02(b).

Mortgage Financing Definition | Law Insider (2024)

FAQs

What is the meaning of mortgage financing? ›

Meaning of mortgage finance in English

money that is lent by banks or other financial organizations in the form of mortgages: House prices have continued to rise rapidly, thanks to cheap mortgage finance.

What is the legal definition of financing? ›

Legal Definition

financing. noun. fi·​nanc·​ing. : the act or process or an instance of raising or providing funds. also : the funds thus raised or provided.

What is a mortgage quizlet answer? ›

mortgage. a loan for the purpose of buying property, usually paid in payments of principal (amount borrowed) and interest over a period of from 15 to 30 years.

What is a mortgage in simple terms? ›

A mortgage is a type of loan used to purchase or maintain a home, plot of land, or other types of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest.

Is financing a home the same as a mortgage? ›

Finally, another key difference between these two types of financing has to do with down payments. Loans typically require borrowers to make a down payment of 10-20% of the total loan amount. Mortgages usually require a down payment of 3-5% of the total purchase price of the financed property.

What is a mortgage vs loan? ›

Mortgages are types of loans that are secured with real estate or personal property. A loan is a relationship between a lender and borrower. The lender is also called a creditor and the borrower is called a debtor.

What is the best definition of financing? ›

What Is Financing? Financing is the process of providing funds for business activities, making purchases, or investing. Financial institutions, such as banks, are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals.

What is the simplest definition of finance? ›

Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.

What is the best definition of finance? ›

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Essentially, finance represents money management and the process of acquiring needed funds.

What is the first mortgage definition? ›

A first mortgage is a primary lien on a property. 1 As the primary loan that pays for a property, it has priority over all other liens or claims on a property in the event of default. A first mortgage is not the mortgage on a borrower's first home; it is the original mortgage taken on any one property.

Why is a mortgage called a mortgage? ›

The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

What is the mortgage process called? ›

Most people will go through these six steps: pre-approval, house shopping, mortgage application, loan processing, underwriting, and closing.

How do you explain a mortgage to a child? ›

A mortgage is a special type of loan used to buy a house. Most people don't have the cash to buy a house, so they get a loan from the bank. They pay back the loan over a long period of time by making a payment each month. The bank makes money because they charge interest on the loan.

Is a mortgage a simple loan? ›

Most mortgages are also simple interest loans, although they can certainly feel like compound interest. In fact, all mortgages are simple interest except those that allow negative amortization. An important thing to pay attention to is how the interest accrues on the mortgage: either daily or monthly.

How do mortgage payments work? ›

Each month, part of your monthly payment will go toward paying off that principal, or mortgage balance, and part will go toward interest on the loan. Interest is what the lender charges you for lending you money. Most people's monthly payments also include additional amounts for taxes and insurance.

Why is it called a mortgage loan? ›

The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

Is a mortgage an example of debt financing? ›

Debt financing is the process of borrowing money from a lender that must be paid back, with interest, at a later date. In our personal lives, a mortgage or a car loan are both examples of raising finance via debt.

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