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Can mortgage companies find unpaid judgments or other derogatory that have fallen off your current credit report?
Wiki User
∙ 8y ago
Mortgage companies or lenders essentially use two resources to "locate" derrogatory or delinquent accounts such as unpaid or past due accounts, (credit cards, loans secured or unsecured, etc.) judgements, or tax liens. Your credit report is the first one the second set is gathered from the information reported on your title search (which basically desribes where your property is located, when you acquired the property, how you acquired the property, and who you acquired the property from) This information will show any tax leins and/or judgements that you may or may not have. A title search is performed by a company or a attorney ,usually the one closing the loan...if one is required by the state.
Wiki User
∙ 8y ago
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What is the current 15 year fixed mortgage rate?
The current 15 year fixed mortgage rate from many companies is about 4.25%. This is not the same rate for all companies because some have special deals on for particular customers.
What are the current mortgage fixed rates?
The current mortgage fixed rates depend on which bank your mortgage is with and how long your mortgage is for. A Wells Fargo 30 year mortgage is 3.75%.
How does a repossession affect a mortgage?
If your house is repossessed in the UK you will be entered on to The Council of Mortgage Lenders "Repossession Register" Future mortgage companies check this register as part of their usual credit checks. If there is an entry in yours (or your partners name in joint mortgage applications) then this will have an adverse effect on your application and may result in your mortgage application being turned down by high street lenders. This does not mean it wouuld not be possible to get a mortgage as some companies specialise in obtaining mortgages for people who have previously been repossessed. These companies do however charge more! If you refer to an existing mortgage, on another property, then any previous repossessions will not have an effect on this mortgage, if however you need to remortgage at any time in the future you will be subject to the same problems as outlined above. This would be of particular concern if your current mortgage deal will revert of a lenders Standard Variable Rate (SVR) which is much higher than what your current deal charges. Most deals last 2 or 5 years.
Where can I get information on current average mortgage rates?
You can get information on current average mortgage rates from websites like Zillow, HSH, Mortgage Calculator, Freddie Mac, Bank Rate and Mortgage News Daily.
Where could one find more information on mortgage insurance?
When looking to find the best and most current information on mortgage insurance it might be an idea to speak with the mortgage provider for the property the insurance is required for. Another way might be to view comparison websites such as Money Supermarket who offer information on many companies that provide mortgage insurance.
Is it possible to have your mortgage loan modified if one is current on mortgage payments?
Yes, although mortgage companies are more likely to modify a loan in default.
What is the current 15 year fixed mortgage rate?
The current 15 year fixed mortgage rate from many companies is about 4.25%. This is not the same rate for all companies because some have special deals on for particular customers.
Are there any loan companies that will give you a loan for another house if you have not been paying the mortgage on your current house?
No.
What are some of the best mortgage companies that offer a great low fixed mortgage for people with bad credit?
In the current market it is very hard to get a mortgage with bad credit. Many mortgage companies will request that you take care of bad debts first. However, try lendingtree.com and they will try to make you with a bank that will approve you.
How can I go find out more about how reverse mortgage formula is calculated?
Reverse mortgage reviews your current mortgage payments with the amount of equity you have built up. There are several companies with this option but the majority only offer this for seniors.
What are the current mortgage fixed rates?
The current mortgage fixed rates depend on which bank your mortgage is with and how long your mortgage is for. A Wells Fargo 30 year mortgage is 3.75%.
How does a repossession affect a mortgage?
If your house is repossessed in the UK you will be entered on to The Council of Mortgage Lenders "Repossession Register" Future mortgage companies check this register as part of their usual credit checks. If there is an entry in yours (or your partners name in joint mortgage applications) then this will have an adverse effect on your application and may result in your mortgage application being turned down by high street lenders. This does not mean it wouuld not be possible to get a mortgage as some companies specialise in obtaining mortgages for people who have previously been repossessed. These companies do however charge more! If you refer to an existing mortgage, on another property, then any previous repossessions will not have an effect on this mortgage, if however you need to remortgage at any time in the future you will be subject to the same problems as outlined above. This would be of particular concern if your current mortgage deal will revert of a lenders Standard Variable Rate (SVR) which is much higher than what your current deal charges. Most deals last 2 or 5 years.
Where can I get information on current average mortgage rates?
You can get information on current average mortgage rates from websites like Zillow, HSH, Mortgage Calculator, Freddie Mac, Bank Rate and Mortgage News Daily.
Where could one find more information on mortgage insurance?
When looking to find the best and most current information on mortgage insurance it might be an idea to speak with the mortgage provider for the property the insurance is required for. Another way might be to view comparison websites such as Money Supermarket who offer information on many companies that provide mortgage insurance.
What companies help you compare UK mortgage rates?
Compare mortgage rates from across the whole UK mortgage market The payday loans market has grown hugely in recent years and so mortgage lenders are (L&C) to help you compare rates and deals from across the whole UK market.
What are the current mortgage rates for a 30 year mortgage with a 7 year arm in Provo, UT?
The current mortgage rates for a 30 year mortgage with a 7 year arm in Provo, UT? is 5.11%. You can get the latest rates at www.bankrate.com/utah/mortgage-rates.aspx
Can I get daily updates of the current mortgage rates?
If you sign up for a bank's newsletter, or request specific updates on mortgage information, then yes, you will be informed of current mortgage rates on a daily basis.
