505 East Jackson Street-Suite 303 - Tampa, Florida 33602
Phone: (813) 387-7724 - Fax: (813) 387-7727
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505 East Jackson Street-Suite 303 - Tampa, Florida 33602 Phone: (813) 387-7724 - Fax: (813) 387-7727
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Knowledge Is Key To Buying and Selling Real Estate By Attorney Miriam L. Sumpter Richard
POPULAR INVESTMENT VEHICLES! Real Property mortgages continue to be popular investment vehicles. A mortgage is an instrument in which real property is pledged as security for a debt. It is the contract between the lender and the borrower that contains a number of provisions (clauses) specifying the terms and conditions of the agreement. The note is a promise to pay the lender for the debt incurred, and it exposes both personal and real property to risk if the debt is not paid. Mortgages are grouped into three general categories: FHA, VA and conventional. A number of other mortgages instruments exist to serve specialized needs of lenders and borrowers. A process called buyer qualification is issued before the selection of any financing qualifications to determine in advance a prospective buyers housing needs and financial capabilities. Borrower must qualify for the type of mortgage they seek by meeting loan underwriting standards. Use a responsive, reputable mortgage broker to assist you in this process.
For More Information Contact: Tel:
(813) 387-7724
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