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GLOSSARY
Mortgage-backed certificate
A mortgage-backed certificate is a security that allows investors to participate in a portfolio of mortgage loans. The security is supported by an underlying pool of mortgages, so that investors earn income as repayments are made on those mortgages. Mortgage-backed certificates are also known as mortgage-backed securities (MBS).
Mortgage-backed securities - MBS
Mortgage-backed securities, or MBS, are investment vehicles that allow investors to participate in a portfolio of mortgage loans. The security is supported by an underlying pool of mortgages, so that investors earn income as repayments are made on those mortgages. Mortgage-backed securities are also known as mortgage-backed certificates.
Mortgage-backed security
A mortgage-backed security, or MBS, is an investment vehicle that allows investors to participate in a portfolio of mortgage loans. The security is supported by an underlying pool of mortgages, so that investors earn income as repayments are made on those mortgages. Mortgage-backed securities are also known as mortgage-backed certificates.
Mortgage-interest deduction
Mortgage-interest deduction is an IRS-defined tax break available to homeowners who have a mortgage loan. Mortgage interest is normally deductible if the related financing is used to purchase or improve a primary or secondary home.
Mortgagee
The mortgage lender who recieves the mortgage as a pledge for repayment of the loan.
Mortgager
A mortgager is the borrower on a real estate property loan.
Mortgagor
The mortgage borrower who gives the mortgage as a pledge for repayment.
Motivated buyer
A buyer who is in a hurry to buy property.
Motivated seller
A seller who has an urgent reason to sell their property quickly.
Move up buyer
A buyer who is moving into a more expensive house.
Move-in condition
A house that is ready for new owners to move in.
Move-up buyer
A move-up buyer is a prospective homebuyer who owns a home already, but wants to replace that property with a larger, or more expensive home.
Moving expenses
Expenses accumulated from moving oneself, your family and possessions due to a job. These expenses are tax deductible. Save all of your receipts from the move.
MSRP
Acronym which stands for Manufacturer's Suggested Retail Price.
Multidwelling property
A multidwelling property has more than one living unit on a single plot of land.