Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about buyers guide: | |||||||||||||||||||||||
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... 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... |
|||||||||||||||||||||||
buyers guide related definitions |
|||||||||||||||||||||||
Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more... Annual percentage rate APR Annual percentage rate (A.P.R.) Is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account ... more... |
|||||||||||||||||||||||
More about buyers guide Going Debt Consolidation Way! Why Refinance Your Vehicle Loan? Getting Started in Real Estate Foreclosure Investing Refinance Mortgage Brokers Online Buying a New Home Home Buying Tips Best Car Loan Rates - Tips To Getting a Low Auto Loan Rate Online A Few Basic Tips for First Time Home Buyers What to Know About Refinancing - Eliminate Private Mortgage Insurance Home Loans For First Time Buyers With Bad Credit FHA Home Loan Information - Buying A Home With Help From The Government
|
|
||||||||||||||||||||||
|