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

Get Free home buyer Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Basic Tips for First Time Home Buyers
Choosing a first home can be a daunting task, but following a few key steps makes it a lot less confusing.An essential part of the process for every home buyer is to simply do the math. It is very wise to do all the financial planning first, before beginning the search for a suitable property to ... more...

Sellers, Are You Having A Hard Time Selling Your Home?
Sue and Chuck DeFiore have the perfect solution for you Lease Purchasing your home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller ... more...

Think You Cant Afford Your Own Home, Think Again!
Do you have bad credit, no credit, filed a bankruptcy, have a ton of late pays, medical bills, or been through a divorce? Well, we have the perfect solution for you - Lease Purchasing your own home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an ... more...

The Many Benefits Of Lease Purchasing
Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership which has benefits for all. What Is A Lease Purchase? A Lease Purchase is a ... more...

Why Pre-Qualifying for a Mortgage Should be Done Before Making a Purchase Offer
So you're in the market to buy a new home and you have your eye on a property that you think might be "the one". Whether or not you have enlisted the aid of a professional real estate agent you will want to do one thing prior to submitting an offer to the home seller: pre-qualify for a mortgage ... more...

Home Loans Would You Buy a Home Without an Inspection?
The housing market has exploded, with home prices rising beyond all reason in some markets. Home prices have doubled or tripled during the last five years, and in some cities, the asking prices for homes are considered only to be suggested opening bids. Homes often sell in a few days or even ... more...

Home Buying Tip: Know Your Rights Under RESPA
Buying a home can be a complicated and confusing process. It's also probably the biggest investment you'll ever make.These two factors combined add up to this - you need to be well informed about your home buying rights.Here's the most valuable home buying tip you'll ever receive: Learn about RESPA ... more...

How to Buy a Home Without a Down Payment
Mortgage rates are rising and its becoming more difficult for a prospective buyer to save up for the necessary down payment. Fortunately, there are ways around this hurdle.Although homebuyers were once required to put down 20% of the purchase price, those times are long gone. Generally, lenders now ... more...

Real Estate Season is Here
Yes, it has finally arrived. This is the time of year when the MLS or Multiple Listing Services go up like crazy in all most every city, town and village.So, what does this mean for you? Well, it might mean absolutely nothing...or, it might mean a huge profitable opportunity. How so you ask? Read ... more...

Finding Structural Problems During Escrow Small Rural Home Example
In rural home purchases, the transaction is often subject to a satisfactory home inspection being done. Any imperfections are usually corrected during escrow. Now and then, however, a home inspection uncovers severe structural problems. What happens then?Structural Problems Small Rural HomeWith a ... more...

Return to previous page   More articles on home buyer
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009