No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
If the priest was a member of a religious order, such as the Franciscans, who take a vow of poverty so own nothing themselves, what few things they might have - clothing, books, rosary, etc. will go to the order when they pass on. A diocesan priest makes no such vow and his property is distributed as specified in his will.
Neither a pope, cardinal, bishop or priest owns a Church. They are the property of the Catholic Church.
yes and no...it depends on the type of home the resident is placed in..
Yes. It is an asset. An asset includes personnel property you own.
No. You are not required to reside at the home that you draw your equity from but you must own it, which means you must be on the title.
Rented home or your own property that is a question in context.If you have broken a rented apartment you have to take care that it is rebuild again.If your own property the decision remains with you.
The priest's home is a rectory.
Yes you can mortgage the property but the home likely wont add much if any value to it.
Whenever you own a home. * Homeowner's insurance is mandatory while the property is being financed, and always the best option when property is owned outright.
If a person builds a home on land that they don't own, the home will become the property of the person who owns the land.
In any existing mobile home park. - On your private property if for your own use (in my area)