residential mortgage Definition

residential mortgage

Definition

Mortgage of a residential property; up to $1 million is federal and state tax deductible (or up to $100,000 for a home-equity loan).

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residential mortgage is ...
... part of the Lending & Credit and Real Estate subjects.

Related Terms

Federal Housing Administration -

Federal Savings and Loan Association -

mortgage pass-through security - More

FHA, commercial mortgage-backed security, Residential Mortgage-Backed Security

residential mortgage appears in the definitions of these other terms on BusinessDictionary.com

Federal Home Loan Mortgage Corporation (Freddie Mac), Government National Mortgage Association (GNMA)