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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 Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own! Selling By Owner: Price Your Real Estate To Sell Build Your Own Dream House! Stopping Foreclosures Selling Your Home Yourself Pricing It Appropriately Content Ideas for Ads and Brochures When Selling Your Home Buying Land Online How to Sell Your Own Home and Save Thousands of Dollars What is a Bridging Loan? How Homeowner Can Save Their Home From Foreclosure
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