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Mortgage Professor about owner financing: | |||||||||||||||||||||||
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... 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... |
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owner financing 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... Owner Occupied Property Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... |
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More about owner financing Strategic Acquisition Strategies for Small Businesses Financing Collectibles for Fun and Profit How Real Estate Investors Use Mortgage Note To Purchase Properties Credit After Bankruptcy - Getting a Mortgage with Seller Financing How to Sell Your House For Full Price Top Ten Tips when Buying Real Estate! Real Estate News FSBO - Selling Your Home FSBO (for sale by owner) Is It Worth It? Starting Your Business: It All Boils Down To Making Money and Saving Money Real Estate Terms From Condominiums to Deeds of Trust
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