Posted on: 15th Jan, 2007 12:25 pm
mortage olding for someone
Hi Carolyn,
In seller financing this term is commonly used where the present owner of the house or the seller holds the mortgage for the buyer.
L. Bill
In seller financing this term is commonly used where the present owner of the house or the seller holds the mortgage for the buyer.
L. Bill
Carolyn, holding a mortgage has different meanings as per the situation it is applied in, please if you can provide some more details then it will help to know exactly what you were meaning.
Loan Advisor
Loan Advisor
It probably means paying for the home loan actually taken out by someone else.
But for lenders it means, buying loans and holding them into their portfolios. As such, lenders can collect the interest rate. If they hold loans for investors, then lenders can also collect servicing fees.
But for lenders it means, buying loans and holding them into their portfolios. As such, lenders can collect the interest rate. If they hold loans for investors, then lenders can also collect servicing fees.
looking for home in clay, trussville, or grayson valley area
Hi dmaddox,
You can contact a real estate agent and check out with him if you can get a property in that area. As far as mortgage is concerned, you will have to get approved for it. You can check out the following page to know about the basics of mortgage:
http://www.mortgagefit.com/mortgage.html
You can contact a real estate agent and check out with him if you can get a property in that area. As far as mortgage is concerned, you will have to get approved for it. You can check out the following page to know about the basics of mortgage:
http://www.mortgagefit.com/mortgage.html