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Types of Financing
Reading Ch. 14, Jacobus
1. Adjustable Rate Mortgages
a. Interest Rate
b. Index
c. Margin
d. Other factors affecting rate
2. Equity Sharing
a. Piece of the Action
b. Rich uncle
c. Investor assisted
3. Package Mortgage
4. Blanket Mortgage
5. Construction Loan or Interim Loan
6. Blended Rate Loan
7. Affrodable Housing
8. Asset Integrated Mortgage
9. Seller Financing methods
a. Wrap-around Mortgage
b. Deed of Trust and Mortgages
c. Second's and Carry-Backs (Subordination)
d. Contract for Deed, Land contract or Installment Contract
e. Lease With Option
10. Getting Cash Out of your Home
a. Reverse Annuity Mortgage
b. Equity Mortgage
c. Sale Leaseback
11. Creative Financing Methods Dangers
12. Investment in Mortgages