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Mortgage Professor about home sale: | |||||||||||||||||||||||
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... How Can I Buy Before I Sell? July 19, 1999, revised January 6, 2006 "I need to use the equity in my existing house to buy a new one, but it looks like I am going to have to close on my new house before I am able to close on my old one?How do I handle this?" I am assuming you have exhausted all ... more... |
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home sale related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... 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... |
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More about home sale For Sale By Owner, What Are You Really Saving? Why You Need a Realtor Selling Your Home What Can Go Wrong With Title and Lenders How to Sell Your Home Without a Real Estate Agent Top 10 FSBO Tips to Selling Your Home by Owner The Best Way to Buy a New Home While Selling Your Existing Home Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home Boston Real Estate You Still Have Considerable Control Over the Sale of Your Boston Home Coinciding Settlements Clauses Funding Issues Key Terms to Know When Buying a Home
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