Purchase-money mortgage

A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank Loan for the Full amount. also called seller Financing or Owner financing.

Related Terms: 11 Buy, Borrow, Call, Full, Financing, FIN, Loan, Owner financing, Own, Sell, Seller financing

Other Related Pages: Category: Real_Estate Starting With: P

Additional Related Terms: 10-Q, 10-K, Allowance for depreciation, Agent bank, Accrual of discount, Amortization of premium, All or any part, At call, All-risks coverage, Asset financing