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Yes, that should not be a problem.

2006-08-23 19:59:54
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Q: Can you get a mortgage loan if you already own a home and want to sell and get another home but you have a lot of bank overdrafts but paid them?
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Related Questions

How do you talk to your bank manager about overdrafts?

Tell him about your overdrafts.


Why are bank overdrafts flexible?

Bank overdrafts are flexible for different clients depending on account activities. Active accounts will tend to attract higher bank overdrafts as compared to dormant or less-active ones.


To transfer your mortgage to another property?

You can't 'transfer' your mortgage to another property. The bank owns the mortgage lien. You would need to negotiate with the bank to modify its lien.


Who are the best mortgage lenders in America?

Really any bank will do just fine. The best place to get a mortgage is through a bank you already have a history with.


How do you get a mansion with out paying your mortgage?

By having enough money already in the bank.


What are the normal terms for the repayment of a bank overdrafts in Australia?

taxes


How do you re mortgage a house?

You can re-mortgage a house with your local bank or at another financial institution. You must go in to the bank and apply for a re-mortgage at any local branch.


Can you get a mortgage for a house that you are already deeded to but not on the mortgage?

All the owners of real estate must sign a mortgage that will affect the property. The bank will take into consideration the amount that is already owed on the property for the first mortgage and the ability of the owners to take on more debt.


What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property?

A mortgage IS a lien on the property. The bank already has an interest in the property that was perfected as soon as the mortgage was recorded in the land records. If you purchase property that is subject to a mortgage, the mortgage must be paid or the bank will take possession of the property by foreclosure.


Does a homeowner have to agree to a bank selling their mortgage to another bank?

No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.


Why do bank impose fees and charges on overdrafts?

that's how they make money


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.


When there are two names on a deed can one get a mortgage loan or do both parties have to sign for the loan?

Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.


How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?

Non performing mortgage loans hurts a bank's profitability. This should cause a bank to be more prudent when making mortgage loans. In severe cases of defaults, a bank may decide to cease making such loans. To avoid more risk, the bank could find another bank to sell its mortgage portfolio to.


Why should you file a mortgage with a bank?

It is a good idea for someone to file a mortgage at a bank, especially if this bank is one that the person already has been doing business with. The reason that it is a good idea is that rates can be better for them, they can easier combine payments for their mortgage right from their bank account, as well as knowing the people that are taking care of one's mortgage such as the bank manager or the tellers that one sees on a regular basis.


Your name is on a quit claim deed but the mortgage is in another person name can the bank take your house?

Whoever granted the mortgage to the bank must have owned the property at that time. If they later conveyed the property to a new owner they breached their mortgage agreement with the bank and the new owner took the property subject to the mortgage. The bank can take possession of the property if the mortgage isn't paid.


Can a cosigner have their name taken off current mortgage to cosign another?

No. The co-signer is fully responsible for paying that mortgage for the life of the mortgage. The bank owns the mortgage and the reasons why the primary borrower needed a co-signer is the reason why the bank wanted another person to promise to pay. It will remain on your credit record as an unpaid mortgage until it is paid off. If the primary borrower fails to make payments the bank will go after the co-signer to pay. It is your debt.No. The co-signer is fully responsible for paying that mortgage for the life of the mortgage. The bank owns the mortgage and the reasons why the primary borrower needed a co-signer is the reason why the bank wanted another person to promise to pay. It will remain on your credit record as an unpaid mortgage until it is paid off. If the primary borrower fails to make payments the bank will go after the co-signer to pay. It is your debt.No. The co-signer is fully responsible for paying that mortgage for the life of the mortgage. The bank owns the mortgage and the reasons why the primary borrower needed a co-signer is the reason why the bank wanted another person to promise to pay. It will remain on your credit record as an unpaid mortgage until it is paid off. If the primary borrower fails to make payments the bank will go after the co-signer to pay. It is your debt.No. The co-signer is fully responsible for paying that mortgage for the life of the mortgage. The bank owns the mortgage and the reasons why the primary borrower needed a co-signer is the reason why the bank wanted another person to promise to pay. It will remain on your credit record as an unpaid mortgage until it is paid off. If the primary borrower fails to make payments the bank will go after the co-signer to pay. It is your debt.


How do you become a qualified mortgage lender?

A mortgage lender must be licensed and work within a bank, mortgage bank, or mortgage broker.


What are Savings and Mortgage Banks?

A saving bank is a usual bank which offers you al the facilities of a normal Baking Arena, whereas a Mortgage Bank is a bank which specializes in Mortgage Plans.


Where can one purchase a home mortgage?

To purchase a home, most people will need a mortgage. Check with your bank and see if they can approve you and what kind of rate they offer. Your personal bank is the best starting point since you already have a relationship with them.


Where can you get a city bank mortgage?

You can easily apply for a City Bank mortgage from their website, or you can apply for a mortgage by walking into your local branch of City Bank and requesting an application.


Is Bank Mutual a mortgage company or an actual bank?

Bank Mutual is an actual bank although they can help you with your mortgage needs. You can bank in person or online with them.


What bank is servicing the mortgage held by first nationwide mortgage?

First Nationwide Bank


Where can you get a list of bank mortgage rates?

You can get a list of bank mortgage rates directly from the bank that you want to work with. You can also get the current mortgage rate from a realtor, but these rates will change periodically.


What do you do if you inherit a reverse mortgage?

If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.