Pari-Passu is a Latin term and means “Without partiality”. Fixed Rate Mortgage is a mortgage whereby the rate of interest is fixed for a specified period of loan or for the term of the loan itself...

Second, the money received from this loan is not taxable as income. Third, the borrower has no repayment obligations until the property is no longer his residence...

A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone...

Amounts of money –repayments Anything owned that has – asset Anything owned especially-property Asset such as real estate –fixed assets Assets other than –current assets Agreement to give up – mortgage Document which proves –deed Fixed sum of money –loan Land including –real estate Land or buildings –real property Mortgage on any personal –chattel mortgage Note, the payment – open note Payment towards a larger –installment Record or proof of ownership-title to property Some security in addition –collateral security Statement of the assets –equity Statement which shows –balance sheet To promise as securities –to pledge To pay off debts –to repay,to liquidate,to pay off, to retire,to amortize To make regular payments- to repay a loan in regular installment To judge the value – To guarantee the payment –secure To give a mortgage on- to give a chattel mortgage To give a deed to the – to give a trust deed To sign with smone a document- To fix a date by which- To take more money-to overdraw Value of the piece of -profit and loss account Valuable items handed-collateral security Amount of the loan itself -principal Amounts of money –repayments Anything owned that has – asset Anything owned especially-property Asset such as real estate –fixed assets Assets other than –current assets Agreement to give up – mortgage Document which proves –deed Fixed sum of money –loan Land including –real estate Land or buildings –real property Mortgage on any personal –chattel mortgage Note, the payment – open note Payment towards a larger –installment Record or proof of ownership-title to property Some security in addition –collateral security Statement of the assets –equity Statement which shows –balance sheet To promise as securities –to pledge To pay off debts –to repay,to liquidate,to pay off, to retire,to amortize To make regular payments- to repay a loan in regular installment To judge the value – To guarantee the payment –secure To give a mortgage on- to give a chattel mortgage To give a deed to the – to give a trust deed To sign with smone a document- To fix a date by which- To take more money-to overdraw Value of the piece of -profit and loss account Valuable items handed-collateral security