Purchase-money mortgage

A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property.

Purchase-Money Mortgage

A mortgage in which the home buyer borrows from the seller instead of, or in addition to, a bank or thrift. Purchase-money mortgages usually are made when the buyer cannot qualify for an ordinary home loan due to lack of credit or income. Alternately, a seller may offer a purchase-money mortgage in a mortgage-takeover agreement, that is, when the sale price of the home is equal to what remains on the seller's own mortgage.

单词	purchase-money mortgage
释义	EncyclopediaSeepurchase money mortgageLegalSeePurchase Money Mortgage Purchase-money mortgage Purchase-money mortgage A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. Purchase-Money Mortgage A mortgage in which the home buyer borrows from the seller instead of, or in addition to, a bank or thrift. Purchase-money mortgages usually are made when the buyer cannot qualify for an ordinary home loan due to lack of credit or income. Alternately, a seller may offer a purchase-money mortgage in a mortgage-takeover agreement, that is, when the sale price of the home is equal to what remains on the seller's own mortgage.
随便看	israeli center for holocaust survivors and the second generation israeli center for technology assessment in health care israel ice skating federation israeli church of universal practical knowledge israeli coalition against house demolitions israeli committee against home demolitions iwa iwaa iwaac iwaai iwaapf iwaas iwab iwabb iwabc iwabo iwac iwacc iwaci i wacky-parsed this as iwaco iwacom iwact iwad iwadb