buyer's mortgage to seller

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• Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

• mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… …   Law dictionary

• Seller financing — is a loan provided by the seller of a property to the buyer, to cover part or all of the sale price. This process, also known as owner carry back or owner financing, is used in a variety of situations as a creative financing option. Examples are… …   Wikipedia

• Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

• Seller Financing — A real estate agreement where financing provided by the seller is included in the purchase price. It is also known as a purchase money mortgage. A purchase money mortgage is a mortgage given to the seller as part of the buyer s consideration for… …   Investment dictionary

• Seller-Paid Points — Any points paid by the seller of a home for the buyer. Seller paid points are always deducted by the purchaser of the home. These points are offered as a purchase incentive for the prospective buyer and can provide the buyer with a lower rate as… …   Investment dictionary

• Wraparound mortgage — A wrap around mortgage is a form of secondary financing in which a seller extends to a purchaser a junior mortgage which wraps around and exists in addition to one or more superior mortgages. Under a wrap, a seller accepts a promissory note from… …   Wikipedia

• Purchase-Money Mortgage — A mortgage issued to the borrower by the seller of the home as part of the purchase transaction. This is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. This is also known as seller… …   Investment dictionary

• wraparound mortgage — n. A second mortgage combined with an older mortgage with a lower interest rate than the current one, which results in a new interest rate between the old and current mortgages; the borrower makes payments to the new lender, who in turn makes… …   Law dictionary

• Assumable Mortgage — A type of financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer. By assuming the previous owner s remaining debt, the buyer can avoid having to obtain his or her own mortgage.… …   Investment dictionary

• Assumed mortgage — In real estate an assumed mortgage occurs when a the buyer of a real property is transferred all the obligations of the seller s mortgage.The buyer assumes all the obligations under the mortgage, just as if the loan had been made to the buyer.… …   Wikipedia