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 UK Loans: Borrowing the Right Kind of Money Personal Loans Fulfilling The Personal Desires Holiday Personal Loans When the Traveller Within You Wants to Break Free Unsecured Loans UK Find the Best Opportunity Without Security How To Bankrupt Your Student Loans What are Home Improvement Loans? Self Employed Loans in UK No Credit Check Personal Loans: When the Best Loan Can't Offset Bad Credit High Risk Personal Loans Revive Frustrated Loan Hunting Attempts with High Risk Loans Personal Loans for Unemployed: if Unemployment is a Financial Struggle
|
|
||||||||||||||||||||||
|