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What is an off set mortgage?

Updated: 9/13/2023
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9y ago

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Also known as a flexible mortgage, an off set mortgage allows the amount of interest owed to be reduced by offsetting a credit balance. Offset mortgages are commonly used in the UK.

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Can heirs make payments to keep the home of a reverse mortgage?

Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.


Why did the mortgage got discharge?

A mortgage gets discharged when it get paid off in full.A mortgage gets discharged when it get paid off in full.A mortgage gets discharged when it get paid off in full.A mortgage gets discharged when it get paid off in full.


Can your name be taken off mortgage without a signature?

Your name cannot be taken off a mortgage because the mortgage is owned by the lender. You remain responsible for the mortgage until it is paid off or refinanced without you.


How can someone be taken off a mortgage?

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How can a second mortgage loan be discharged?

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Related questions

Can heirs make payments to keep the home of a reverse mortgage?

Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.Yes. They can pay off the mortgage within a certain time period set by the lender.


Why did the mortgage got discharge?

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to pay off a mortgage?

which grant can I apply to pay off a mortgage


Can your name be taken off mortgage without a signature?

Your name cannot be taken off a mortgage because the mortgage is owned by the lender. You remain responsible for the mortgage until it is paid off or refinanced without you.


How can someone be taken off a mortgage?

The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.


How can a second mortgage loan be discharged?

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How can you remove the cosigner from a mortgage?

You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.


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How do you remove the co signer on the mortgage?

The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.


How do I get my name off my parents mortgage interest statement from when the house was in my name years ago but changed?

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How do you stop your escrow?

You can stop your escrow buy paying off your mortgage and satisfying all the requirements of your mortgage. Lenders set up an escrow account so that they can pay the real estate taxes and homeowners insurance.


Do I pay off my mortgage buy more gold or invest in more stock?

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