Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about Purchase: 
Lease-to-Own House Purchases
20 September 2004, 3 October 2005 Postscript What Is a Lease-to-Own Purchase? A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 ... more...

Why Is It Easier to Shop a Refinance Than a Purchase?
4 July 2005  ?I have heard that it is easier to shop for a refinance than for a purchase mortgage, but I?m not completely sure why???  Shopping For a Purchase Mortgage Borrowers purchasing a house are faced with a closing date on which they must provide funding to ... more...

Purchase related definitions

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...

American Dream Downpayment Initiative
American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more...

More about Purchase

Get Free Purchase Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Purchase Order Financing Overview
Knowing the ends and outs of purchase order financing is an asset to almost any small or medium sized business owner. In the sections below you will learn just exactly what purchase order financing is, the benefits, drawbacks, who can benefit the most from it, and would be likely to qualify for it ... more...

Should You Use a Lease/Purchase (Rent to Own) Approach to Sell or Rent Your Home?
Have you ever dealt with bad renters? Late payments? Stains on the carpet? Calls late at night about a stopped toilet? Sometimes being a Landlord is not a fun game, especially when you have a nice home and bad tenants.Have you taken advantage of the recent low interest rates and refinanced your ... more...

Rent To Own Homes Explained
If you desire to own your own home but are unable to secure conventional financing today, leasing a home with an option to buy may be your best option. A lease purchase can make your rent money work for you instead of making your landlord rich. Typically rent to own homes offer rent credits that ... more...

Creative Ways to Finance a Business Purchase
Youve just walked out of a business owners office, who has grown an established, profitable business that he is willing to sell to you, for very favorable purchase terms, at a fair price, but you have no clue how you are going to raise the necessary capital required to complete the purchase. ... more...

Unravelling The Real Estate Buying Process in Canada
If youre a foreign national thinking about investing in the real estate market in Canada heres a run down of the typical buying process you should expect to encounter together with a general explanation of mortgages available to assist with the purchase.First things first though, you have to find ... more...

Should You Accept A Full Purchase Offer For Your Note or Not?
You could be facing a dilemma when considering payout options on selling your mortgage note!To accept a full purchase offer or a partial purchase offer is not always an easy decision.Sure, to take the full purchase option is an easy decision to make if you're holding a second position note on a ... more...

How to Deal with Hire Purchase Debt
WHAT IS HIRE PURCHASE/CONDITIONAL SALE?Although people often talk about "buying on HP", Hire Purchase Agreements are quite unusual these days. Cars are the most usual goods sold under Hire Purchase or Conditional Sale Agreements. With Hire Purchase and Conditional Sale Agreements, you do not own ... more...

10 Home Purchase Abroad Tips For Success
Are you seeking your little corner of sun drenched heaven on earth? If you are youre certainly not alone!Many Northern Europeans, Americans and Canadians are looking overseas for investment real estate or for a holiday bolt hole and if youre considering buying a second home in the sun, a home from ... more...

Buying A Business 10 Important Items You Need To Know
80% of all business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below, you should be successful in locating and buying a business that interests you and completing the transaction!Know The Types/Sizes/Locations Of Businesses You Want ... more...

The Many Benefits Of Lease Purchasing
Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership which has benefits for all. What Is A Lease Purchase? A Lease Purchase is a ... more...

   More articles on Purchase
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009