A buyer's financing of part of a purchase by giving a mortgage on the property to the seller as security for the loan is known as

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A purchase money mortgage is a type of mortgage where the buyer finances part of the purchase price by giving a mortgage to the seller as security for the loan. This type of mortgage is often used in situations where the buyer cannot obtain financing from a traditional lender. It is also known as seller financing. An elective share is a legal right of a surviving spouse to a portion of their deceased spouse's estate. A homestead exemption is a legal protection that allows a homeowner to protect a certain amount of their home's value from creditors. Exempt property refers to property that is protected from seizure by creditors or bankruptcy trustees.

A Buyer's Financing of Part of a Purchase by Giving