An interest rate lock agreement will include the rate, the type of loan (such as a 30-year fixed-rate mortgage), the date the lock will expire and any points you might be paying toward the loan.

There are many reasons why two or more people may want to buy a home together. Beyond married or cohabiting couples, there ...

How does owner financing work? The buyer and seller must come to an agreement on the terms of the loan, including the mortgage rate and length of repayment. Then, the buyer will make a down ...

Under a mortgage contract, the mortgagor obliges himself to fulfill a principal obligation, such as the payment of a loan, by securing it with his property. Fulfilling this obligation usually ...

Sometimes called “seller financing” or “owner financing,” a purchase-money mortgage is a loan a seller provides ... requires direct financial agreements between the buyer and seller.