Google
 
LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

Click on the first letter of the term you wish to find.
[ Lookup | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ]

Property Usage Type

A mortgage loan's property usage type is often confused with the loan's occupancy type. The loan's property usage type indicates the borrower's intended use for the mortgaged property. Examples of property usage types are - Investment, Primary Residence and Second Home

See Investment Property
See Mortgage Loan Occupancy and Property Usage Types
See Occupancy Type
See Primary Residence
See Second Home

Suggest A Term

Return to top

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.