Most mortgage loans are set up to be paid out over a long period of time, such as 30 years, and the interest payments result in paying a whole lot more than
the actual purchase price of a property.
«
The actual purchase price of the property is 99.5 % of the agreed offer between the Buyers and the Sellers.»
Not exact matches
This means our hypothetical borrower has a loan for 70 percent
of the
purchase price or appraised value, with the remaining 30 percent the home equity portion, or
actual ownership in the
property.
And,
of course, the
actual property you intend to
purchase will also play a starring role, one that extends even beyond the
property's
price.
103 DOS 95 Matter
of DOS v. Lana - fiduciary duty; vicarious liability; dual agency; breach
of fiduciary duty where seller's agent advised buyer can
purchase property for less than asking
price; broker not liable without
actual knowledge
of misconduct or after notice retains proceeds therefrom; mutually dependent transaction did not arise creating improper double agency; amend pleadings to conform to proof; two month suspension results