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What is a purchase loan?

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2017-08-08 03:37:44
2017-08-08 03:37:44

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.
A purchase loan is a loan that is used to purchase something. With this in mind some common types of purchase loans include car loans as well as home loans.

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Related Questions


A purchase money loan is a loan usually used to buy a home. A non purchase money loan is a loan for other reasons where the lender does not know what is being bought.

Yes, you can purchase a Short Sale with an FHA loan. There are no restrictions on the type of financing in the purchase of a short sale.

You can get a loan for your business then if the allowed in the terms of the loan use some of the loan to purchase your liquor license.

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I recommend roadloans.com. The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.

If you default on a loan used to purchase a piece of property you usually lose the property through foreclosure.

form_title=Auto Loan form_header=Need an auto loan? Discover the best deal on car loan financing. Application type?*= () Joint () Individual Loan Type?*= () New Purchase () Used Purchase () Refinance Loan Requested Loan Amount?*= _[50] How would you rate your own credit?*= () Poor () Fair () Good () Excellent

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A mortgage loan is used to purchase real estate, usually a home.

Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.

If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.

One could get a mortgage loan for a home purchase at physical banks such as Wells Fargo, Chase, and U.S. Bank. One could also get this type of loan at an online site such as "Greenlightloans".

You may either apply for a small business loan or a personal loan. Google small business loans

Many banks will purchase a loan debt for consolidation so long as it complies with their terms. They usually impose a standard rate of interest and payment terms.

A mortgage is a loan that is secured by real property.

line of credit that you can borrow, to purchase items. it is a loan

Auto finance is a loan used to purchase an automobile

Yes. Usually the car dealers also offer you a loan from their co-operation bank. It could be cheaper to find a cheap loan yourself.

form_title=Car Loans form_header=Get a car loan with low rates and flexible repayment terms for new and used vehicles. Request a car loan today! Desired Loan Amount?*= _[50] Application type?*= () Joint () Individual Loan Type?*= () New Purchase () Used Purchase () Refinance Loan How would you rate your own credit?*= [] Poor [] Fair [] Good [] Excellent

Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with one-third down payment?

From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.

Investment Loan This calculator helps illustrate the effect of using a loan to purchase an investment or appreciable asset. Using debt as leverage to purchase investments can magnify your return. The downside is that you also increase your risk. For example, if your investment were to lose all of its value you would not only have lost your investment but you would still owe the balance on the loan.


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