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Can a bank or mortgage co charge for anything before loan is closed?
Wiki User
∙ 11y ago
No, because they haven't yet given you any money so you don't owe them anything. However they can and sometimes do take the first payment out of the amount of the loan.
Wiki User
∙ 11y ago
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Who is responsible for mortgage debt after death?
The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.
Is mortgage an example of closed end credit?
closed-end credit :)
Are heirs responsible for deceased parents mortgage debt?
No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.
Can your checking account still be charged after you close it?
No. once an account is closed, it ceases to exist. It is no longer a valid account that can be used for transactions. So if someone wants to charge you for anything, they cannot use this bank account. Even the bank cannot charge anything on that account.
How long do you have to own a home before you can sale it?
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.
Can mortgage company charge late fees if payment is received by grace period?
A mortgage company usually has a set date that mortgages are due, i.e. the first of the month. Anytime payment is not received by the first it is considered late. However, most MC's have a grace period of 15 days; if it's not received in this time frame a late charge is assessed. If you mail the check on the 6th and it doesn't get to the company until the 17th you will be charged a late fee. The mortgage company must receive the payment before the grace period expires. So in essence NO they can't charge you if they receive the payment by closing time of the last day of the grace period. They CAN charge you if you make the payment after business hours, because it is not considered received until the next day, there is no one to process your payment if the business is closed.
A closed circuit is a circuit in which charge?
Can flow
What is the average rate of a 5 year mortgage?
The average rate of a 5 year mortgage in Canada seems to be just over 3%. The rate can go up or down depending on if the mortgage is closed or variable.
What are some factors that affect your credit rating?
Late payments, closed accounts, charge offs, judgements, tax liens, bankruptcies, anything that is considered negative and derogatory.
What does consvation of charge mean?
It means that the total charge in a closed system doesn't change.
Do electric field lines always form closed loops?
yes because they start from the positive charge and ends at the negative charge so closed path
Can the private school charge tuition if the school is closed?
It depends. If a school is closed for a few days for weather or other emergencies, it would probably not affect tuition. If a school is closed permanently, they could not charge tuition.
