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What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
What is a mortgage loan used for?
A mortgage loan is used to purchase real estate, usually a home.
Is a mortgage used to purchase real estate?
Yes. A mortgage is a loan that is secured by real property.
What type of debt is a mortgage?
A mortgage is a type of debt that is used to finance the purchase of a home or property.
What does it mean by mortgage prequalification?
Mortgage prequalification is a term used when an initial application for a mortgage as been approved. This will depend on the information your originally applied for a mortgage, and will be further confirmed if you found a home to purchase.
What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
What is a mortgage loan used for?
A mortgage loan is used to purchase real estate, usually a home.
Is a mortgage used to purchase real estate?
Yes. A mortgage is a loan that is secured by real property.
What type of debt is a mortgage?
A mortgage is a type of debt that is used to finance the purchase of a home or property.
What does it mean by mortgage prequalification?
Mortgage prequalification is a term used when an initial application for a mortgage as been approved. This will depend on the information your originally applied for a mortgage, and will be further confirmed if you found a home to purchase.
Can you get a 5-year mortgage for a new home purchase?
Yes, you can get a 5-year mortgage for a new home purchase.
Where can you buy mortgage notes?
One can purchase mortgage notes by getting in touch with an agent who specializes in mortgage notes. There are plenty of agents who can assist in the purchase of a mortgage note and advise on the best rates for a note.
What does the term jumbo mortgage refer to as it relates to home mortgages?
A jumbo mortgage is a term used to describe a home mortgage that is bigger that most mortgages. These mortgages exceed the amount that the FNMA and FHLMC will purchase.
Is a loan for land the same as a mortgage?
No, a loan for land is not the same as a mortgage. A loan for land is specifically for purchasing land, while a mortgage is a loan used to purchase a property, which may include land and a building.
What and where to pay a mortgage loan?
A mortgage loan is a loan that is used to either purchase a property or get a loan with your property as collateral. You can secure a mortgage through financial institutes like banks, credit unions or mortgage companies like Fannie Mae.
What is a purchase money first mortgage?
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.
Is a land loan the same as a mortgage?
No, a land loan is not the same as a mortgage. A land loan is specifically for purchasing land without any structures on it, while a mortgage is a loan used to purchase a property with a building or home on it.
