Assumption of Mortgage Meaning and Benefits

Assumption of Mortgage Meaning and Benefits

Assumption of a Mortgage is a unique approach to acquiring property, considered assumption property buying. What happens in this type of transaction, the buyer takes liability, and thus the payments for an existing mortgage.    When the seller has a property that...
Basics of Owner Financing Deals

Basics of Owner Financing Deals

Owner Financing is a unique transaction where the seller of a property finances the purchase directly with the person or entity buying it. This can be for the entire purchase price or a portion of it.  One benefit for this arrangement is that it eliminates the bank...
Basics on a HELOC and a Home Equity Loan

Basics on a HELOC and a Home Equity Loan

Owning property provides you with equity, making it such a great investment. In the case of a home purchase with financing you are building equity over time, through both the property value increase and paying down your loan.  With the equity you can secure low cost...
Basics on an FHA Loan

Basics on an FHA Loan

  FHA loan stands for Federal Housing Administration, but many mistake it for First Home Application home. The reason is because this type of loan is usually used by first home buyers. This loan is a great choice for people with poor credit or without the...
Intro to Financial Models

Intro to Financial Models

A financial model serves the purpose of interpreting financial numbers into a meaningful analysis. While they vary depending on the objective, the information gathered from financial models allows for quality decision making, a better understanding, and a simplified...