M o r t g a g e | H a r d M o n e y | P r i v a t e L o a n s
P u r c h a s e
A purchase money loan is a loan given by the seller to the buyer of a house. It's also known as owner finance or seller financing. Learn why a buyer may require a purchase money loan as well as how seller financing works.
R e f i n a n c e
Refinancing your mortgage basically means that you are trading in your old mortgage for a new one, and possibly a new balance When you refinance your mortgage, your bank or lender pays off your old mortgage with the new one; this is the reason for the term refinancing.