Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about home seller: | |||||||||||||||||||||||
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 seller related definitions |
|||||||||||||||||||||||
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... Earnest Money Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more... |
|||||||||||||||||||||||
More about home seller Home Buyer's Hidden Costs Advantages Of Mortgage Pre-Approval Why Do Realtors Advertise Your Home in Print,on the Radio, on Television, etc.? Home Buyers Your Price, Not the Listing Price Home Buying Process - Pointers Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained) For Sale By Owner - Pricing It Right 3 Reasons Why! Save Yourself from Homebuying Disasters Sellers, Are You Having A Hard Time Selling Your Home? How Do I Bring Consulting Into My Lease Purchase Business
|
|
||||||||||||||||||||||
|