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
WHAT ARE SOME OF THE OTHER TYPES OF REAL ESTATE FINANCING VEHICLES OTHER THAN FIXED AND ADJUSTABLE? They are: (1) Share Appreciation Mortgage; (2) Reverse –Annuity Mortgage ; (3) Growing Equity Mortgage and (4) Home Equity Loans. The Shared-Appreciation Mortgage is also called an equity participation loan. The lender can give the borrower a lower interest rate in exchange for share of the future increase in the property value. The Reverse-Annuity Mortgage is designed for the elderly homeowner by providing them a monthly income in exchange for the equity in their home over period of years. The Growing-Equity Mortgage rapidly increases the equity in a property by increasing the monthly payments by a certain percentage each year. Finally, the Home Equity Loan is a source of funds for homeowners who wish to consolidate debt or pay for college tuition and such. Check out these avenues of obtaining money to buy and sell real estate.
For More Information Contact: Tel:
(813) 387-7724
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