Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about assumable loans: | |||||||||||||||||||||||
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... 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... |
|||||||||||||||||||||||
assumable loans related definitions |
|||||||||||||||||||||||
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... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
|||||||||||||||||||||||
More about assumable loans Is A Federal Student Loan Consolidation An Option For You? Bad Credit Wedding Loans in Case You want to Race Towards the Altar with Bad Credit Is A Student Loan Consolidation Or Federal Student Loan Consolidation Right For You? Understanding the Dynamics of Instant Loans Student Loan Consolidation: Look This Gift Horse in the Mouth - Part I No Faxing Hassle-Free Payday Loans Can Be Yours Wedding Loans When Wedding Bills Are Postponing the Wedding Bells Tips Regarding Interest Only Loans Cash Loans for Unemployed for an Instantaneous Response to Needs of the Unemployed Exploring All of Your Loan Options
|
|
||||||||||||||||||||||
|