0
Can a mortgage loan be required to be refinanced upon the death of the borrower in a community property state where there is a non-contributing spouse on the deed of trust?
Wiki User
∙ 12y ago
Certainly.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How can a cosigner be completely removed from a mortgage?
The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.
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 does no cost mortgage refinance work?
No-cost mortgage refinance refers to a situation where a borrower pays no closing costs on a mortgage that is refinanced. Typically, this is done because the new lender will pay the original lender the closing costs, and will still make a profit at the lower mortgage rate.
Can a mortgage borrower apply for court foreclosure?
No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.
What is piggyback mortagage?
A type of mortgage where a second mortgage or home equity loan is taken out by a borrower at the same time the first mortgage is started or refinanced. Piggyback mortgages are frequently used to lower the loan-to-value ratio (LTV) of a first position mortgage to under 80%, thereby eliminating the need for private mortgage insurance (PMI).
What is the procedure to sue to be released from a mortgage as a cosigner?
There is no procedure for this. The mortgage must be refinanced.
Where can one have their mortgage refinanced?
A mortgage can be refinanced in the Bank branch where the mortgage was taken up. Another solution is through the internet and popular bank branches are able to notify you of the process through email.
Can a co signer be relieved of responsibility on a home loan after a period of time?
Only with the OK of the lender.Once a mortgage has been signed it will remain in effect until it is paid. The bank required a co-signer in order to guarantee that mortgage would be paid if the primary borrower defaults on the payments. The co-signer remains responsible for the mortgage until it is paid off. In order to get your name off a mortgage you co-signed the mortgage would need to be paid off and refinanced in the sole name of the primary borrower.
Do you have to pay creditors after you refinanced your mortgage chapter 7?
yes
What if name was changed on mortgage afer death of deceased?
The name on a mortgage cannot be changed. A different person can become obligated on the mortgage if he guarantees it or the mortgage is refinanced.
Can someone get there name taken off a mortgage due to break up?
No. The mortgage must be refinanced in exchange for a deed of the other owner's interest. You each should consult with an attorney and draft an agreement.No. The mortgage must be refinanced in exchange for a deed of the other owner's interest. You each should consult with an attorney and draft an agreement.No. The mortgage must be refinanced in exchange for a deed of the other owner's interest. You each should consult with an attorney and draft an agreement.No. The mortgage must be refinanced in exchange for a deed of the other owner's interest. You each should consult with an attorney and draft an agreement.
How many times can a mortgage be refinanced?
How many times would you like to? It is your call.
