Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Types of Mortgages - What do these mean?
Below is mortgage history data for a property:
The property was sold in 2004 and purchased by current owner for $248,000. It looks like there was a mortgage for $173,600. It looks like the owner put down a 30% down payment and borrowed the rest.
What does the refinancing column for 2006 mean? There are two mortgage amounts, a "Refi" for $25,000 and a "Seller/Carry Back" for $30,000. What do these mean? Can the total amount of equity be determined from these numbers?