by Apope March 8, 2022
Get the JP Mortgage mug.A reverse mortgage is when you are sick and have diarrhea. When you rush to the bathroom and sit on the toilet it's just a fart.
by Bbonemoney January 12, 2024
Get the Reverse mortgage mug.Related Words
higher-risk credit mortgages which has interest rates that can adjust over time, which is bad and best to stay away from
During the housing boom of the mid-2000s, many lenders were giving subprime mortgages to borrowers with low credit scores, contributing to the subsequent financial crisis
During the housing boom of the mid-2000s, many lenders were giving subprime mortgages to borrowers with low credit scores, contributing to the subsequent financial crisis
Boss: You know, subprime mortgages were a big topic during the last financial crisis?
You: Ah, yes, *sips coffee* I love talking about business
You: Ah, yes, *sips coffee* I love talking about business
by seee..pearl April 23, 2024
Get the subprime mortgage mug.by jerry c June 24, 2007
Get the refinance your mortgage mug.A large sum of money that is loaned in order for someone to purchase a home. Though not required if you have lots of cash, it is quite common for a home owner to need to borrow to finance their home. Comes in a variety of flavors to suit the borrower: 20 yr, 30 yr, fixed, or ARM (adjustable rate morgage), etc. A morgage is also another form of modern slavery and gives a homeowner the illusion that he in fact owns the house he lives in, when in reality, the bank owns it and is just lending it to him until he moves and gets another morgage for another house in which the man may never live to fully own.
Renter: Hey what u doing?
Home Owner: Paying my morgage.
Renter: Sucker! I only pay half of that.
Home Owner: Yeah but I am slowly building up equity. What are you doing with your rent?
Renter: Paying some other guys morgage.
Home Owner: Paying my morgage.
Renter: Sucker! I only pay half of that.
Home Owner: Yeah but I am slowly building up equity. What are you doing with your rent?
Renter: Paying some other guys morgage.
by DaHouse113 November 5, 2009
Get the morgage mug.A temporary reprieve on making mortgage payments, usually after refinancing. Combination of "mortgage" and "moratorium."
Dude, sweet new flat-panel TV! But how are you going to pay your bills?
No sweat, I just got a refi so I have a one-month mortgagorium.
No sweat, I just got a refi so I have a one-month mortgagorium.
by debren27 August 3, 2010
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