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A A  Mortgage Corp.
is located in downtown Manchester, MO,
one block west of
Woods Mill Rd.

14346 Manchester Rd
in West County.

[A]  [B]  [C]  [D]  [E]  [F]  [G]  [H]  [I]  [J]  [K]  [L]  [M]
[N]  [O]  [P]  [Q]  [R]  [S]  [T]  [U]  [V]  [W]  [Y]  [Z]
DICTIONARY- W

Waiver of Lien
The written evidence from a contractor or supplier, surrendering the right of lien to enforce collection of debt against a property.

Warehouse Loans
Loans that are funded and awaiting sale or delivery to an investor.

Warehousing
The short-term borrowing of funds by a mortgage banker using permanent mortgage loans as collateral. This form if interim financing is used until the mortgages are sold to a permanent investor.

Whole Loans
Unsecured mortgages sold individually to investors.

Working Capital
The excess of current assets over current liabilities.

Working Capital Ratio
The ratio of current assets to current liabilities; one of the most commonly used ratios to indicate a company’s financial position.

Workout Agreement
a plan to bring current a delinquent or defaulted mortgage.

Wraparound Mortgage
A refinancing technique involving the creation of a second mortgage which includes the balance due on any existing mortgages, plus the amount of the new secondary or junior lien.


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A A Mortgage Corp. is an Equal Housing Lender.
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