This is a weird one! We know all about mortgages and we have a lot of posts about mortgages. The Package Mortgage is one of the weirdest ones for sure. Here is the definition of a package mortgage: A mortgage in which the loan is used to buy a house as well as all furniture and other property in the house. Another way of putting it is that a package mortgage is: a mortgage covering major items […]
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what is a naca mortgage? NACA’s main purpose is to provide affordable homeownership. They try to provide this to low-to-moderate-income people and communities. Access to NACA’s Best in America Mortgage is limited to low-to-moderate income people, which are called “Priority Members”. Also, specific focus is given to people purchasing in low-to-moderate income communities called “Priority
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In a real estate transaction, when a buyer cannot qualify for a traditional mortgage, it can cause a lot of problems for both the buyer and seller. If you ever find yourself in this situation, there are some alternative methods of financing that you should know about. A wraparound mortgage can get the buyer the financing required
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If you are looking to get a new mortgage or you need to find out some information now, you probably have searched ‘mortgage companies near me’ in Google. If this is the case, you are in luck. There are so many search results that come up, it can get confusing. Mortgage ads, Mortgage Broker ads,
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So what is an open mortgage you ask? Well you have come to the right place. Read on to find out exactly what an open mortgage is. An open mortgage gives you the ability to to pay a portion or the entire amount of your existing mortgage at any time. When you do this you will
It is strange name but the concept is simple. This is a mortgage that is given to the buyer, by the seller as part of the transaction. This is also known as seller or owner financing. This type of arrangement usually happens in situations where the buyer cannot qualify for a traditional mortgage from a lender.
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