answersLogoWhite

0


Best Answer

If the bank loaned you the money for the morgage and have not repaid it all then yes you do. Or any other outstanding debts you may have with them

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you owe the bank anything if you stop making mortgage payments?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can the bank refuse mortgage half payments?

Yes. If you are in default the bank can refuse anything short of your full past due balance.


Does Orchard bank allow online payments?

Orhcard bank will allow online payments. The payments could be for anything. YOu can pay your mortgage, utilities, and even credit card. They have made enrolling very quick and easy.


Can you file chapter 7 in Florida and re affirm your mortgage?

Yes, but its never wise to reaffirm a mortgage. Even if you dont reaffirm, as long as you keep making the mortgage payments, the bank wont foreclose.


Can the mortgage company call the mortgage early When making payments on time or early if the bank is in financial distress can they call early?

You need to refer to your specific loan documents, but typically the morgage company can not accelerate your loan unless you default on the payments.


When does a bank issue a foreclosure notice?

Usually after 3 months of not making payments on your mortgage or rent, you will get a foreclosure notice. If you are renting its usually sooner.


Where can one find information on how to lower one's mortgage payments?

Mortgage payments can be discussed at your local bank with your bank manager. They will be able to tell you everything you need to know and the best options to follow.


Where can I calculate my home mortgage payment?

Mortgage payments can be calculated by the bank the mortgage is financed through. To do this on your own, there are websites with mortgage calculators such as calculators.bankrate.com.


What is the phone number to make a Bank of America mortgage payment?

The number needed to make mortgage payments are different in each state. Mortgage payments can also be made online or by mail.


Does Bank of America take credit cards for mortgage payments?

Yes.


When creditor puts lien on your home will mortgage company make you pay it or foreclose on your home?

As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.


Why are refinance rates lower than new mortgage rates?

Because new borrowers may have no history of making payments while in a re-fi the bank knows the borrower made their payments reliably.


Which national banks can one get advice for help with mortgage payments?

One can get help with mortgage payments at many national banks. Such banks include First National Bank, RBC (Royal Bank of Canada), Amarillo, Woodforest, MNB Bank and Trustmark.