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Mortgage Professor about Purchase Agreement: | |||||||||||||||||||||||
Sign an Exclusive Contract With a Mortgage Broker?
20 June 2005 Many borrowers are reluctant to sign a contract with a mortgage broker that bars the borrower from working with another loan provider. The following letter is typical. ?The mortgage broker I contacted asked me to sign an "exclusive agency" agreement that says I ... more... On Buying a House With a Domestic Partner June 10, 2002, Revised March 1, 2004 "I am involved in a domestic partner relationship and we are considering purchasing a home together. Her parents are giving us the down payment. What things do we need to know when speaking to a lawyer about the arrangement ... more... |
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Purchase Agreement related definitions |
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Lease With Option To Purchase
Lease With Option To Purchase A lease under which the lessee has the right to purchase the property. A Lease Purchase Agreement is usually two separate agreements between the parties: a Lease Agreement and a Purchase Agreement. The Lease Purchase shows a definite tenant's ... more... Commitment Commitment A promise by a lender to make a loan on specific terms or conditions to a borrower or builder. A promise by an investor to purchase mortgages from a lender with specific terms or conditions. An ... more... |
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More about Purchase Agreement How to Deal with Hire Purchase Debt Should You Use a Lease/Purchase (Rent to Own) Approach to Sell or Rent Your Home? How To Create A Business Note That Is More Attractive To A Note Investor How Much Home Can You Afford In Today's Market? Key Terms to Know When Buying a Home Buying A Business 10 Important Items You Need To Know Sellers, Are You Having A Hard Time Selling Your Home? The Many Benefits Of Lease Purchasing Think You Cant Afford Your Own Home, Think Again! Lease Options or Rent to Own?
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