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Can you buy a home paying cash in full with no mortgage with no job?
Wiki User
∙ 10y ago
Yes. You can pay cash for a home even if you have no job.
Wiki User
∙ 10y ago
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How can one get cash out of a home mortgage?
One can get a cash out on the mortgage on their home when one plans to refinance. The refinanced mortgage is higher than the original mortgage, so one is able to keep the leftover cash.
Can a second mortgage put a lien on a home that is not foreclosed but I owned as a primary home however since foreclosure the first mortgage was paid its full amount and the second mortgage nothing?
A second mortgage already has a lien on the home. If you don't pay the second mortgage they will foreclose and take the home. By paying off the first mortgage you just make it easier for the bank to get their money back out of the property when they sell it.
Does house insurance cover a mortgage if the holder dies?
NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.
Can a person agree to keep on paying for certain obligations such as a home mortgage?
A person who executed a mortgage has already agreed to be responsible for paying it until it is paid off.
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
Do you need an escrow account if paying cash for a home?
no
Who pays the mortgage on deceased parent's home?
Unless there was some sort of mortgage insurance, the estate is responsible for paying the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure. If the heirs want to keep the property they must keep paying the mortgage.
How can one cash out on Refinance Mortgage?
One may use cash out refinancing on a mortgage buy borrowing equity against the home. The amount needed can be determined from a mortgage calculator such as the one available in TD's website.
Is a mortgage same as overdraft?
No. Overdraft is a facility wherein a customer can withdraw money from his account even if he does not have sufficient balance to cover for it. He would have to eventually return the money to the bank but still he can take cash for his requirements anytime he wants. Mortgage is a facility wherein a customer borrows money from a bank to purchase a home. The only similarity between overdraft and mortgage is the fact that you will be paying an interest to the bank in return for the cash you borrowed from them.
How do you cash a check with the mortgage companies name on it for home repairs?
The mortgage company is considered a co-insured when it comes to claims. You can assign it to the person or company doing the repair or ask the company to assign you the check. This is meant to keep someone from cashing a total loss check and not paying the mortgage company anything leaving them with a lot and a debt.
What is the portion of a home purchase price paid in cash and is not part of the mortgage?
down payment
What is the difference between a mortgage vs a home equity loan?
A mortgage is taken out for the sole purpose of paying for and acquiring a home. A home equity loan is taken out on a property where you already have a mortgage or have paid off the mortgage and want to release some of the difference between the value of your home and the balance of any remaining mortgage to spend on other purposes.
