Common use of Financing Terms Clause in Contracts

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ . The mortgage is for a term of years beginning in 28 , at an interest rate of % fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA Other (specify) 24 26 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 27 with the following terms: 26 28 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 29 an assumption fee of $ . The mortgage is for a term of years beginning in 28 30 , at an interest rate of % fixed variable (describe) . 29 31 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 32 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 33 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 34 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA USDA Other (specify) 24 27 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 28 with the following terms: 26 29 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 30 an assumption fee of $ . The mortgage is for a term of years beginning in 28 31 , at an interest rate of % fixed variable (describe) . 29 32 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 33 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 34 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 35 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ $_ _ plus 27 an assumption fee of $ . The mortgage is for a term of _ years beginning in 28 , at an interest rate of _% fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA USDA Other (specify) 24 27 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 28 with the following terms: 26 29 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 30 an assumption fee of $ . The mortgage is for a term of years beginning in 28 31 , at an interest rate of _% fixed variable (describe) . 29 32 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 33 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 34 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 35 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ . The mortgage is for a term of years beginning in 28 , at an interest rate of % fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.

Financing Terms. Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ . The mortgage is for a term of years beginning in 28 , at an interest rate of % fixed variable (describe) . 29 Lender approval of assumption is required is not required unknown. Notice to Seller: (1) You may 30 remain liable for an assumed mortgage for a number of years after the Property is sold. Check with your 31 lender to determine the extent of your liability. Seller will ensure that all mortgage payments and required 32 escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing.