Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
home buyer related definitions |
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
More about home buyer 'We Buy Houses' Scams How to Spot Them and How to Avoid Them Negotiating the Purchase of Your Home Buying a Home with Bad Credit Own a Piece of the American Dream For Sale By Owner - Pricing It Right 3 Reasons Why! How I Became a Real Estate Investor Home Buyer Beware Know the Signs of Real Estate Market Trouble What You Need to Know to About Your Mortgage Transaction Selling Your Home What Can Go Wrong With Pricing and Loans Mortgage Terminology for the First Time Home Buyer Real Estate Investors - How to Buy for Your Rent to Own Homes Inventory
|
|
||||||||||||||||||||||
|