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Mortgage Professor about owner financing: | |||||||||||||||||||||||
Manufactured Housing: A Messy Picture
May 19, 2003, Revised February 14, 2005 What Is a Manufactured House? A manufactured home is built entirely in a factory, transported to a site, and installed there. It is distinguished from "modular", "panelized", and "pre-cut" homes, ... more... What Is a Wrap-Around Mortgage? October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, S, who has a $70,000 mortgage on his home, sells his home to B for $100,000. B ... more... |
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owner financing related definitions |
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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... Owner Occupied Property Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... |
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More about owner financing Working Capital: Financial Options For Small Businesses Navigating Commercial Construction Financing How I Became a Real Estate Investor Financing Your New Or Used Car Financing Sources and Types to Ensure Successful Owner Financing - Safety Tips Buying Houses: Types of Bargains to Find The Top 6 Ways to Get Home Business Financing Hows and Do'nts of Structuring a Business Note for Sale How to Sell Your Home by Owner And Double Your Profit When You Sell
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