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Can you stipulate in a will that upon your death you wish the balance of payments on a mortgage that you took out yourself be the responsibility of a family member that is not your spouse?
Wiki User
∙ 16y ago
Sorry, you can't force somebody to take on a debt for you. The person that inherits the property also inherits the mortgage and any liens on it. What you might want to do is buy a life insurance policy on the mortgage that pays it off if something happens to you.
Wiki User
∙ 16y ago
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What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?
You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.
If you have an order to make mortgage payments in Lieu of childsupport What if you fall behind on the payments Is it contempt?
It may be. More importantly, do you want your child to be homeless? If you fall far enough behind on the mortgage payments the mortgage company could foreclose ... and then where would your child be? More likely, your state will go to your employer to garnish your wages for the payments to make sure you fulfill the arrearage and stay on time with future payments. Answer these questions for yourself: are your car payments on time? are your rent/mortgage payments on time? have you bought yourself any clothing in the past couple months? have you bought any gifts for others in the past couple months? have you gone out to eat in the past couple months? If your answer to any of these is YES, then tighten your belt, grow up, lose the self-indulgence and act like an adult ... a parent. Short of significant physical injury or illness beyond your control, you will face consequences.
Where can I find calculators for Credit Line Payments?
Any mortgage company would be able to calculate the payments for you. Banks and credit unions are also a good place to start, if you want to do it yourself then the internet will have site you can use.
Does a mortgage cosigner have to be a relative?
No, you do not have to be related. you are signing a binding contract agreeing that both of you are responsible for the payments for that mortgage loan. You will both have to provide all the information- taxes, income, debts, assets, etc. Just be careful who you are getting yourself stuck with for 30 years. :)
What do you do if you owner financed a home and now the owner is not making payments and the mortgage company is going to foreclose?
You have to make the payment, but you also need to start forclosure yourself. Get the property back and sell it again.
What is a reverse mortgage exactly?
A reverse mortgage is a method for a homeowner with equity in real estate to create income without selling the entire property. The reverse mortgage company makes fixed payments over a period of time to a homeowner in exchange for ownership of the property at the end of the arrangement.
Can I get a mortgage in my name using my live-in boyfriend's income?
No. In order to obtain a mortgage in your name, you have to prove that you, as the mortgage holder, will be able to pay the mortgage yourself. The banks do not consider a live-in boyfriend's income a reliable source of income for yourself, nor can they hold him responsible for payment if the mortgage is in your name. You will have to get the mortgage based on your income, unless you and he put the mortgage in both names, using both of your incomes.
When you make monthly payments on your mortgage it have a quoted APR of 5 percent monthly compounding what percentage of the outstanding principal do you pay in interest each month?
The interest you pay will gradually change as you pay down your mortgage. It is called amortization and you can either ask your lender for an amortization table or use the related link to calculate it for yourself.
What is the purpose to interview yourself?
responsibility of interviewee
What are the release dates for Taking Responsibility Standing Up for Yourself - 1986?
Taking Responsibility Standing Up for Yourself - 1986 was released on: USA: 1986
What to do if you lose your job and need to get a lower mortgage payment in order to keep up with the payments?
First, call your lender. Rather than immediately shopping around for a mortgage, and possibly getting yourself into a scam or a bad situation, go have a talk with your lendor/banker and explain the situation. They may be able to refinance, skip a payment, or whatever to work with you.
How do you protect yourself from eviction in a house that is going into foreclosure?
The best way is to pay the mortgage bill. If you own the house, pay your bill! If you're renting, talk to the bank and see if you can take over the mortgage payments or make some other arrangement with them. The bank wants it's money, so they will most likely be willing to work with you on something.
