... 117–18buying subject to existing loan, 118 22 convincing the seller, 120 21 defined, 113–14 down payment requirements, 121 22 installment land contract, 122 25 purchase money note, 125 27 risk vs. ... terms, 29 conventional vs. nonconventional, 25 28 government loan programs, 28 –31 institutional lenders, 21 22 loan servicing, 23 , 24 loan -to- value ratio, 27 nonconforming loans, 28 primary ... banker, 24 Mortgage broker, 24 25 Mortgage guaranty insurance, 27 Mortgage loan market, 21 – 32 bankers vs. brokers, 23 25 commercial lenders, 31– 32 condominium loans, 31 conforming loans, 25 28 ...