![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about note buying land contracts ltv: | |||||||||||||||||||||||
|
What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance. I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more... Buying Now Versus Buying Later August 2, 2000 "Please settle an argument. I believe that we should buy our house now, even though we have no money for a down payment, because our credit is good and we can get a 100% loan. House prices have been rising in our area by about 4% a year. My ... more... |
|||||||||||||||||||||||
note buying land contracts ltv related definitions |
|||||||||||||||||||||||
|
Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... Loan To Value Ratio Loan To Value Ratio Loan To Value, LTV. This is the size of the loan or mortgage as a percentage of the value of the property or price being paid for the property, eg a property valued at $120,000 with a mortgage of $108,000 would have an LTV of 90%. Loans with an LTV over ... more... |
|||||||||||||||||||||||
|
More about note buying land contracts ltv Homes in Chapel Hill Home Buying - A Good Investment A History of Money and Banking Secrets That Banks Don't Want Published How To Find A Good Realtor To Help You Through the Home Buying Process Selling Your Business Note Unravelling The Real Estate Buying Process in Canada Important Facts For Home Buyers How Corporations Can Use Real Estate To Access Untapped Capital Buying a Home when Rates go Up Litigation Funding Is Here To Stay
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||