underlying mortgage

The interest rate on our underlying mortgage is close to 9 percent.

But the bank that held the underlying mortgage went out of business.

The maintenance is very low because the building has no underlying mortgage.

In doing so, those owners paid down $2.3 million of the underlying mortgage.

"They're playing the market, even with their underlying mortgages," he continued.

The underlying mortgage on the building would help hold initial purchase prices down.

Additionally, the a complex of four buildings, had a $2.5 million underlying mortgage.

The first, he said, is that most co-ops have an underlying mortgage on the building.

Such steps are not possible in condominiums, however, because they have no underlying mortgages.

The bank holding the co-op's $3.5 million underlying mortgage failed.

The old landlord left the co-op with too high an underlying mortgage.

If rates rise, the underlying mortgages will not be refinanced.

They levied a small $1 a share assessment to lower the underlying mortgage.

And condominium buildings do not have underlying mortgages on which a tax would be due.

Lenders have become less willing to increase the size of an underlying mortgage because values for the most part are no longer rising.

The underlying mortgage is the reason the down payment is lower.

Thus, monthly maintenance fees are relatively high, to help pay the underlying mortgage.

However, he noted, sponsors must include the value of the underlying mortgage whenever they sell a unit.

Co-op buyers will want to be familiar with the terms of the underlying mortgage.

The underlying mortgage is the loan used to buy, renovate or maintain the building.

With condominiums, he explained, no underlying mortgage on the building is permitted.

So did the underlying mortgages, which proliferated as a result of low interest rates set by the Fed.

Another way to enhance credit protection is to issue bonds that pay a lower interest rate than the underlying mortgages.

In some cases, this could jeopardize the refinancing of the building's underlying mortgage.

What about those buildings that don't have underlying mortgages to worry about?