Most likely, you will want to finance the balance of
the mortgage over a certain period, and then want the buyer to refinance it with a conventional mortgage.
Not exact matches
It's important to recognize that only
certain types of accounts are monitored by credit reporting agencies, including credit cards; installment loans repaid at a fixed amount
over a predetermined
period of time, such as auto loans, student loans or
mortgages; and retail accounts such as store credit cards.
A loan that it guaranteed to return a
certain interest rate
over a fixed
period is one type of security, and that is what your
mortgage is.
In the case of a
mortgage, the interest is a percentage rate
over a
certain period of time paid to the
mortgage company.
You need life insurance only to replace your income
over a
certain period, such as the years you're raising children or paying off your
mortgage
You need life insurance for income replacement
over a
certain period such as during a
mortgage period or while children are young.
A
mortgage note is a written promise by a borrower to pay a
certain sum of money to a specific lender
over a stated
period of time at an agreed upon interest rate.