Mortgage Terminology 101– One of the most frequently asked questions for potential home buyers at the beginning of their process is “What’s the difference between a Mortgage Lender, Mortgage Banker and a Mortgage Broker, and which should I use? I always refer my clients to a mortgage professional for answers, but the article below does… Read More
Seller Financing
Q: What is seller financing?
A: Also known as a purchase money mortgage or carry-back, it is when the seller agrees to “lend” money to the buyer to purchase and close on the seller’s home. Usually sellers do this when money is tight, interest rates are high or when a buyer has difficulty qualifying for a conventional loan or meeting… Read More