![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |
|
|
||||||||
| Mortgage Professor about purchase house mortgage home buying seller loans credit: | ||||||||
|
Do Mortgage Lenders Recognize Bargain Prices?
October 9, 2000 "I am buying a house for $105,000 but it is appraised at $120,000. Can I use the difference as my down payment?" "I have no cash and lots of credit card debt, but I think I can purchase a house for less than its appraised value. Can I use the ... more... Are Mortgage Assumptions a Good Deal? November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this?? Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more... |
||||||||
purchase house mortgage home buying seller loans credit related definitions |
||||||||
|
Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... |
||||||||
|
More about purchase house mortgage home buying seller loans credit
How To Increase Your Home's Selling Price by $3,306.75 In The Next 33 Days Why Choose a Remortgage? A Few Basic Tips for First Time Home Buyers An Investor's 1st and Most Important Lesson Bridge Loans From One Home to the Next Identity Theft - What Does It Really Mean? Choosing a Maui Condo Rental Agent Creating A Household Budget Under Construction During the Storm A Hurricane Guide for Businesses that are Under Construction Real Estate Remains A Strong Investment A Possible Bargain: Foreclosed Properties Adverse Credit Mortgages - Home Loans For People With Poor Credit
|
|
|||||||
|
||||||||