first mortgage


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first mortgage

A security interest in property which takes precedence over all similar interests in the same property.
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First Mortgage is one of the UK's leading omni-channel, independent mortgage brokers, with a particularly strong presence in Scotland, where the Business was originally established over two decades ago.
* $1,090.00 first Mortgage Loans for two houses in Fairfield County, Connecticut that will be torn down and completely rebuilt.
* They can refinance both mortgages into a new first mortgage that also includes the short-term debt.
The agreement is also expected to include servicing rights from Veterans First Mortgage on nearly 9,000 loans, totalling an estimated USD1.4bn in principal balance.
Results from the 1977 Survey of Consumer Credit indicate that as of 1977 only 8 percent of homeowners with first mortgage debt had refinanced, well below the current figure of 20 percent.[8] This change in the prevalence of refinancing activity over time undoubtedly reflects the greater swings in interests rates in the period since 1977, which have presented more opportunities for homeowners to benefit from refinancing, and also reflects the availability of more home equity, created in substantial part by rapidly rising house prices during the late 1970s and portions of the 1980s.
W's bridge loan was used to refinance an existing first mortgage on the fee interest as well as to acquire the ground-lease interest.
Veterans First Mortgage is a consumer direct lender with three offices, operating two in Salt Lake City and one in San Diego.
A portion of the purchase price for Veterans First Mortgage assets will be conditioned upon certain future profitability measures.
* A $2.2 million first mortgage and $250,000 line of credit for 266 Pelham Road Corporation, a 57-unit co-op at 266 Pelham Road in New Rochelle, NY;
* A $5.2 million first mortgage and $500,000 line of credit for Ocean Harbor Club Owners, Inc., a 92-unit co-op at 4 Rose Street in Oceanside, NY;
A $6.3 million first mortgage and two lines of credit for $2 million and $500,000 for a 54-unit co-op at 900 Fifth Avenue in Manhattan;