A mortgage securing a portion of the purchase price owed to the seller from the purchaser in connection with a commercial real estate purchase and sale transaction. A purchase money mortgage is like any other kind of mortgage, except that the seller is effectively deferring a portion of the purchase price due from the purchaser. In some instances, a loan from a third party enabling the purchaser to purchase real estate is also considered a purchase money mortgage.
Majek Solutions can help qualified home buyers make their new home just right for them, with tailored improvements, immediately after taking possession of the purchased property. At Majek Solution, all this can be done with one manageable mortgage. Call us today for advice!