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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 Tips on Apartment Building and Multi Family Property Loans Home Mortgage Refinancing Whats in Your Contract? Real Estate Note Holder Facts - What to Know Before You List Your Real Estate Note Real Estate- Blessing to the Economy Asset and Liability Basics Foreclosure Your Credit Report is a Vital Financial Document Corporate Loans - Funding Industrial Growth Real Estate Terms From Condominiums to Deeds of Trust Home Mortgage and Financing Terms
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