what is a mortgage used to purchase

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What Are Mortgage Points and How Do They Work? – What are mortgage points? share page. close share. Save page.. To find out whether points could work for you, determine whether you have the cash available to buy points up front, in addition to your down payment, closing costs and reserves. Also, consider how long you plan to own the home.

What is a mortgage used to purchase – Answers.com – A mortgage is generally used for the purchase or improvement of real property by prudent borrowers. However, in the United states home equity mortgages have become popular..Under a home equity mortgage, the owner is enticed to use the equity they have in their home as money to play, purchase luxuries or pay off credit cards.

Can You Use a Reverse Mortgage to Buy a New Home? – SmartAsset – If you're interested in buying a new home in retirement, a reverse mortgage can cover the cost of that, too. That's where the HECM for Purchase.

What is a mortgage? A A type of rent used to pay for. – Original conversation. User: What is a mortgage? A A type of rent used to pay for housing B A type of loan used to buy property C A measure of the value of a home D A measure of your credit rating. Weegy: Mortgage is a type of loan used to buy property. matahari|points 49618|.

Using a Reverse Mortgage for New Construction Purchase – Is it possible to use a reverse mortgage to purchase a new constructed home? Answer: yes! Learn more here. Is it possible to use a reverse mortgage to purchase a new constructed home? Answer: yes! Learn more here #1 Rated Reverse Lender. Read the Reviews

What is a mortgage used to purchase? | Yahoo Answers – Answers. you can get a home mortgage on a house. you can get a chattel mortgage on a car or a mobile home (had one on a 67 pickup) construction mortgage, for when you are building your own house or barn blanket mortgage, for buying land you wish to later sub-divide as you see, it is to buy something tangible, such as real property.

What Is a Mortgage? Definition & Info | Zillow – A mortgage is a loan that a bank or mortgage lender gives you to finance the purchase of a home. The home you buy acts as collateral in exchange for the money you are borrowing.

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"Should I Buy Real Estate Cash or Get a Mortgage?" | #FFLTV Santander told family they can’t buy smaller house and switch to a CHEAPER mortgage – Amid the delay, the semi they hoped to buy has been snapped up. One way to tackle these problems is visiting a comparison website or you can use This is Money’s mortgage finder tool to check the.

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