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Mortgage Professor about note buying land contracts ltv: | |||||||||||||||||||||||
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... Buying Now Versus Buying Later August 2, 2000 "Please settle an argument. I believe that we should buy our house now, even though we have no money for a down payment, because our credit is good and we can get a 100% loan. House prices have been rising in our area by about 4% a year. My ... more... |
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note buying land contracts ltv related definitions |
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Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... Loan To Value Ratio Loan To Value Ratio Loan To Value, LTV. This is the size of the loan or mortgage as a percentage of the value of the property or price being paid for the property, eg a property valued at $120,000 with a mortgage of $108,000 would have an LTV of 90%. Loans with an LTV over ... more... |
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More about note buying land contracts ltv Will The Real Home Buying Guide... Please Stand Up? Guide to Mortgage Terms Real Estate: Financial Considerations $$$ Home Buying Process: 15 Tips for First Time Home Buyers Get Cash Now For Your Business Note How to Buy a Business in Australia 10 Home Purchase Abroad Tips For Success Buying A Business 10 Important Items You Need To Know How To Create A House Buying 'Wish List' For Your Dream Home Home Buying Tip: Know Your Rights Under RESPA
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