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Mortgage Professor about home buyer: | |||||||||||||||||||||||
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... |
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home buyer related definitions |
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Escrow
Escrow An account held by the lender into which the home buyer pays money for tax or insurance payments. Also earnest deposits held pending loan closing. You'll ... more... Title Insurance Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more... |
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More about home buyer The Best Time to Inspect Your Home! The Residential Real Estate Selling Process In Austin Texas Negotiating the Sale of Your Home Why it is Important to Hire Just One Real Estate Agent to Buy a Home High Tension for the Buyer and Seller of Real Estate Can Be Reduced First Time Home Buyer - Basic Information First Time Home Buyer Loans Made Easy How To Get Top Dollar For Your Home Fast Pricing Your Home for Sale First Time Home Buyers - Get Information Here
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