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Can I sue my mortgage company for setting me up with a loan I can't afford I believe that they new this?
Wiki User
∙ 15y ago
no do you still have the house?
Wiki User
∙ 15y ago
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What are the responsibilities of a mortgage loan officer?
There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.
My mother passed away I have siblings and no one has reported her death to the mortgage company we can't afford the house payments is it the law that you have to report it to the mortgage company?
No, once the mortgage company begins the foreclosure process they will find out that your mother is dead. This will not stop the foreclosure process. The only way to avoid that is to make the payments.
How big of a mortgage can you afford?
How much of a mortgage you can afford clearly depends upon your income level. You can apply for a mortgage and will usually be preapproved for a certain amount depending upon your credt, income and other factors.
What to do when you get a notice of default?
First, pay the past due total on the notice, and get to your mortgage company without delay. Then call your mortgage servicer and get on a repayment plan, request a modification, or explore a short sale if you cannot afford your home.
How can one tell online how much mortgage can one afford?
There are a wide variety of mortgage lenders that staff representatives the specialize in helping you determine what types of mortgages you can afford. Alternatively, one can use an online mortgage calculator.
What are the responsibilities of a mortgage loan officer?
There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.
My mother passed away I have siblings and no one has reported her death to the mortgage company we can't afford the house payments is it the law that you have to report it to the mortgage company?
No, once the mortgage company begins the foreclosure process they will find out that your mother is dead. This will not stop the foreclosure process. The only way to avoid that is to make the payments.
What are the responsibilities of a loan officer?
There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.
Where can one find the Bank of Montreal mortgage rates?
You can find the Bank of Montreal mortgage rates on the official BMO website. They also have a How much can I afford calculator to help you decide if you can afford a mortgage.
How big of a mortgage can you afford?
How much of a mortgage you can afford clearly depends upon your income level. You can apply for a mortgage and will usually be preapproved for a certain amount depending upon your credt, income and other factors.
How much house can you afford calculator?
The calculator I am sure you are referring to is the mortgage rate calculator. This inputs your income and monthly bills and makes sure you can afford a mortgage.
What to do when you get a notice of default?
First, pay the past due total on the notice, and get to your mortgage company without delay. Then call your mortgage servicer and get on a repayment plan, request a modification, or explore a short sale if you cannot afford your home.
How can one tell online how much mortgage can one afford?
There are a wide variety of mortgage lenders that staff representatives the specialize in helping you determine what types of mortgages you can afford. Alternatively, one can use an online mortgage calculator.
How do you sign a property back over to a mortgage company?
You need to contact an attorney if you can afford it. She could negotiate for you. Otherwise you need to contact your lender and discuss your situation.
Is a mortgage good?
It really depends on your set of circumstances and if you have the financial credentials to qualify for a mortgage and additionally afford one. No one should get a mortgage if they will not be able to afford it later down the road as that will lead to financial disaster. For this reason, it is always a good idea to get in contact with a reputable mortgage company that can help guide you in determining whether or not if you have the proper income and background to qualify for a mortgage. The company will ultimately be your fries of nd during this process and will only lead you in the proper direction. Like most aspects of life that require money, it take careful planning, sound advice, and proper guidance.
Where can you find a mortgage calculator?
Any realitor or mortgage broker has access to a mortgage calculator and can help you through the process. You can also find online mortgage calculators which can be a useful tool in figuring out if you can afford a mortgage.
What is a mortgage approval calculator used for?
A mortgage calculator is to calculates what your mortgage will be monthly. It is a very easy and fast way of knowing if you can afford your mortgage. You will be able to find a mortgage calculator by going to http://www.mortgagecalculator.org/
