Purchase-Money Mortgage (PMM)
A note secured by a mortgage or deed of trust given by a buyer, as borrower, to a seller, as lender, as part of the purchase price of the real estate.
Real Estate Glossary
Definitions of Common Real Estate Terms
Real Estate Glossary
Definitions of Common Real Estate Terms
A note secured by a mortgage or deed of trust given by a buyer, as borrower, to a seller, as lender, as part of the purchase price of the real estate.
