A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

Yes, if the lenders sells your loan to another lender. If you refinance -- No.

You can find legitimate information about mortgage amortization at the following websites...cdrates.bankaholic.com/cd-interest-rate-calculator/ or banking.about.com Money Banking / Loans Mortgages

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