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Can my mortgage lender refuse a payment because it is not for the full amount owed?
Wiki User
∙ 11y ago
i am two months behind on my mortgage. can the lender refuse to take one payment?
Wiki User
∙ 11y ago
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What is the final payment you have to pay for your mortgage?
Call your lender; they will give you the exact amount of your last payment.
Can you get a mortgage with IRS liens?
No. The liens must be paid off before a lender will grant a mortgage. Sometimes the lender will arrange payment and roll that amount into the amount borrowed.
What is forebearance in a mortgage?
Forebearance is a payment plan that allows you to catch up on money you owe your lender. You must be able to make your normal mortgage payment in addition to the extra amount that you and your lender agree upon.
Can a lender refuse a payment on a mortgage if you are 90 days past due?
Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.
When a borrower makes a regular monthly payment to their primary mortgage the amount of the payment that is applied by the lender to reduce the outstanding balance is called what?
PRINCIPAL :)
What is your mortgage payment?
A mortgage payment is an agreement entered into with a lender, which the borrower pays a monthly "mortgage" payment until the dept is repaid. To figure out what your actual payment would be, you can use many mortgage calculators, plugging in your specific interest rate and amount borrowed. See related links for the one I use.
Can you get a mortgage with a FICO score of 650 an income of 75400 dollars a year?
Yes, you can get a mortgage. The amount of the mortgage will depend on the overall financial picture of the property and what you can show to a lender that demonstrates the monthly payment you can afford.
Does a quitclaim deed relieve a person of the debt on the mortgage?
Of course not. If the person signed a mortgage they will be responsible for paying the mortgage until it is paid in full. The mortgage is a contract with the lender.You should not transfer property that is encumbered by a mortgage. Mortgages contain a due on transfer clause. That means if there is a transfer of ownership the lender can demand payment in full immediately. If the mortgage isn't paid the lender will foreclose and additions expenses and costs will be added to the amount due.Of course not. If the person signed a mortgage they will be responsible for paying the mortgage until it is paid in full. The mortgage is a contract with the lender.You should not transfer property that is encumbered by a mortgage. Mortgages contain a due on transfer clause. That means if there is a transfer of ownership the lender can demand payment in full immediately. If the mortgage isn't paid the lender will foreclose and additions expenses and costs will be added to the amount due.Of course not. If the person signed a mortgage they will be responsible for paying the mortgage until it is paid in full. The mortgage is a contract with the lender.You should not transfer property that is encumbered by a mortgage. Mortgages contain a due on transfer clause. That means if there is a transfer of ownership the lender can demand payment in full immediately. If the mortgage isn't paid the lender will foreclose and additions expenses and costs will be added to the amount due.Of course not. If the person signed a mortgage they will be responsible for paying the mortgage until it is paid in full. The mortgage is a contract with the lender.You should not transfer property that is encumbered by a mortgage. Mortgages contain a due on transfer clause. That means if there is a transfer of ownership the lender can demand payment in full immediately. If the mortgage isn't paid the lender will foreclose and additions expenses and costs will be added to the amount due.
Does a timeshare have to be included in your debt to income ratio when applying for a mortgage?
If you have a monthly payment, then the amount needs to be included. The lender is doing this so that they know you have the money to pay the mortgage, and that you are not financially overextended.
What to do if one owner is not making house payment?
The mortgage payments must be made or the lender will foreclose the mortgage.
How is reverse mortgage payment determined?
There is no payment due to the lender, so that part is easy. The borrower may choose to receive a monthly payment, or can get their reverse mortgage funds upfront or in the form of a line of credit. In cases where a monthly payment is chosen, the lender sets up the payment amount in a similar fashion to an annuity. choices must be made on the length of term the payments will keep coming, one option is to get a guaranteed payment as long as you are alive. A reverse mortgage consultant can get you specifics on your options.
How can you pay your mortgage payment by phone?
Call your lender and ask them.Call your lender and ask them.Call your lender and ask them.Call your lender and ask them.
