mortgageable
Can secure financing
Mortgageable describes property that can serve as collateral for a mortgage loan.
Banks assess whether real estate is mortgageable based on its condition, legal status, and market value: The inspector confirmed the house was mortgageable despite its age.
Property with unclear title or structural defects may not be mortgageable.
Gradual debt reduction schedule
- underwritingRisk evaluation and acceptance
- creditworthinessAbility to repay debts
- debt-to-incomeObligations relative to earnings
- preapprovalAuthorization before final commitment
refinance · lender · borrower · foreclosure · default · collateral · appraisal · closing
Security for debt
- pledgeBinding promise given
- lienClaim securing debt
- asset-backedSecured by underlying property
- encumberedMade difficult to move
hypothecate · securitize · insurable · surety · guarantee · subordinate · equity · unencumbered
amortization
Gradual debt reduction schedule
- underwritingRisk evaluation and acceptance
- creditworthinessAbility to repay debts
- debt-to-incomeObligations relative to earnings
preapproval · refinance · lender · borrower · foreclosure · default · collateral · appraisal · closing · origination
collateral
Security for debt
- pledgeBinding promise given
- lienClaim securing debt
- asset-backedSecured by underlying property
encumbered · hypothecate · securitize · insurable · surety · guarantee · subordinate · equity · unencumbered
deed
Written property conveyance
estate · parcel · acreage · residence · dwelling · freehold · leasehold · zoning · appraisal · improvements
mortgageableunlendable
Cannot be loaned
unbankable · uninsurable · unmarketable · unsaleable · unsecurable
mortgageableencumbered
Made difficult to move
underwater · overleveraged · indebted · foreclosed · mortgaged
mortgage, mortgages, mortgaged, mortgaging, mortgagee, mortgagor, unmortgaged, remortgaged, mortgager