大学金融英语课件完整版教学课件.ppt

Main Text Definition Mortgage in finance means property pledged as a security for payment of a debt. Mortgage market is the market where borrowers—individuals, businesses, and governments— can obtain long-term collateralized loans. “Mortgage” sometimes is also used to mean mortgage loan. Main Text Types of Mortgage Loans 1. Insured Mortgages 2. Conventional Mortgages 3. Fixed-rate Mortgages 4. Adjustable-rate Mortgages (ARMs) 5. Graduated-payment Mortgages (GPMs) Main Text Types of Mortgage Loans 6. Growing-equity Mortgages (GEMs) 7. Shared-appreciation Mortgages (SAMs) 8. Equity participatio