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Mortgage Professor about land loan: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance. I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more... Manufactured Housing: A Messy Picture May 19, 2003, Revised February 14, 2005 What Is a Manufactured House? A manufactured home is built entirely in a factory, transported to a site, and installed there. It is distinguished from "modular", "panelized", and "pre-cut" homes, ... more... |
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land loan related definitions |
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Mortgage Lender
Mortgage Lender A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation ... more... Accretion Accretion The addition to land through natural forces like wind or water. Example : deposit of soil carried by a river . ... more... |
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More about land loan What is the Difference Between an Unsecured Personal Loan and a Secured Personal Loan? The Builder from Hell Mortgage What, Why, When, and How? FHA 101 The Greatest Stedilnica Crisis in History Refinance Your Property Online Smart Phones Are They Really A Smart Decision Mortgage Leads Are Like a Box of Chocolates Mortgages 101 Real Estate Appraisal - Rental Properties
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