Mortgage Buyer

Loan Pro Software

Loan Pro, a comprehensive loan mortgage buyer and mortgage analysis tool for Palm OS(r) handheld computers, is perfect for Real Estate professionals mortgage buyer and home/car buyers. Whether you're a financial expert or just getting started with your first home or car purchase, Loan Pro puts you in the driver's seat to make sound loan decisions without having to learn complicated terms mortgage buyer and keystrokes.
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Assumption of mortgage - Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for the debt that continues to exist. The seller remains liable to the mortgage lender (whether the lender is a commercial bank, thrift, credit union, mortgage banker or mortgage broker) unless the lender agrees to release him.

Assumed mortgage - In real estate an assumed mortgage occurs when a the buyer of a real property is transferred all the obligations of the seller's mortgage.

Buydown - A mortgage-financing technique where the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage. The seller or the property usually provides payments to the mortgage-lending institution, which, in turn, lowers the buyer's monthly interest rate and ...

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and therefore monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

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