A Purchase Money Mortgage is also known as...

A Purchase Money Mortgage refers to a type of loan where the mortgage is issued to the borrower by the seller of the property as part of the purchase transaction. This arrangement facilitates the buyer's acquisition of the property by allowing them to secure financing directly from the seller rather than through traditional lenders. This method is beneficial for buyers who may have difficulty obtaining financing from banks or mortgage companies, enabling them to buy a home more easily.

Seller financing directly aligns with the concept of a Purchase Money Mortgage, as it essentially represents an agreement where the seller provides the financing that enables the buyer to purchase the property. This arrangement often involves negotiating terms such as down payment, interest rate, and repayment schedule directly between the buyer and seller, making it a flexible option in real estate transactions.

The other options relate to different types of financing or mortgage characteristics. Equity financing refers to raising capital through the sale of shares, which is not related to purchasing property. Conventional financing typically indicates loans offered by traditional lenders that are not insured or guaranteed by the government. Fixed-rate financing pertains to loans with a constant interest rate throughout the life of the loan, which isn't specific to the context of seller financing or Purchase Money Mortgages.