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Can you get a 15 year mortgage on a house that you already own?
Wiki User
∙ 11y ago
Yes, as long as you meet the lender's requirements.
Yes, as long as you meet the lender's requirements.
Yes, as long as you meet the lender's requirements.
Yes, as long as you meet the lender's requirements.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoYes, as long as you meet the lender's requirements.
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Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
Should you pay off your house mortgage?
Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.
What is the difference between a construction mortgage loan and a normal mortgage loan?
A normal mortgage is borrowing money to buy a house. A construction mortgage is when you own a house and borrow money against the house for repairs or renovations.
Why do you need a mortgage?
basically a motgage is the "pay" for your house. you pay the mortgage. its just a word that stands for what you pay to own your house.
just bought a house 1 year ago and they never insured the mortgage now we have to find our own. Where do we look?
You can contact a loan officer regarding purchasing private mortgage insurance.
Who is responsible for a mortgage if the owner dies before its paid off and the house is left to her son in a will?
The mortgage should be paid by the remaining estate. If there is not enough cash left to pay off the mortgage, the house can be sold and the mortgage paid at closing, or if the mortgage is assumable, the son may take on the mortgage as his own debt and keep the house.
Can you put a house with a mortgage in a trust?
Yes. There are almost no obstacles if you still own and live in the house after.
What happens when you die and leave a mortgaged house to someone?
They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.
Can someone cosign a mortgage if they already have a mortgage of their own?
Yes. My boss owned a home and co-signed for me. It all depends on your credit. Yes
When you own a house what bills do you have to pay?
if the house has a mortgage you have a mortgage payment, property taxes, homeowners insurance. then your utilities water/sewer, gas, electric, telephone and cable.
Where to get info on house mortgage rates?
The best place for someone to go to get the current house mortgage rates would be their own bank. Any bank can give you this information and most have their own sites to make the process quicker.
Is mortgage payments considered federal debt?
If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.
