Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
owner financing related definitions |
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
More about owner financing Buying A Home After Filing Bankruptcy Finance Your Car With Poor Credit Mortgage Payment Amount How is It Calculated? Bad Credit Mortgage Loans Online - How Your FICO Credit Score Can Affect Your Loan Approval California Refinance Mortgage Loans Comparing Loan Quotes Home Equity Loan or Cash Out Mortgage Refinance 100% Home Mortgage Refinance Choose a Lender Online Bankruptcy and Buying a Home - 3 Benefits to Buying a Home After Bankruptcy Positioning Your Company for Debt Financing Car Loans After Bankruptcy - 3 Tips On Financing Your Car With Bad Credit
|
|
||||||||||||||||||||||
|