The post What Is Purchase-Money Mortgage? by Anthony O’Reilly appeared first on Benzinga. Visit Benzinga to get more great content like this.
In a purchase-money mortgage transaction, the home seller acts as a lender and sets the down payment and interest rate. A purchase-money mortgage or seller financing, is issued by the home seller instead of a bank or credit union as part of the purchase transaction. This can be an excellent solution for buyers not qualifying … Continued
The post What Is Purchase-Money Mortgage? by Anthony O’Reilly appeared first on Benzinga. Visit Benzinga to get more great content like this.
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