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If you default on your mortgage the bank will take possession of the property by foreclosure, your credit will be ruined and you may be subject to additional costs. You should try discussing the matter with the lender and try to arrange a less lethal surrendering of the property.
If you default on your mortgage the bank will take possession of the property by foreclosure, your credit will be ruined and you may be subject to additional costs. You should try discussing the matter with the lender and try to arrange a less lethal surrendering of the property.
If you default on your mortgage the bank will take possession of the property by foreclosure, your credit will be ruined and you may be subject to additional costs. You should try discussing the matter with the lender and try to arrange a less lethal surrendering of the property.
If you default on your mortgage the bank will take possession of the property by foreclosure, your credit will be ruined and you may be subject to additional costs. You should try discussing the matter with the lender and try to arrange a less lethal surrendering of the property.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIf you default on your mortgage the bank will take possession of the property by foreclosure, your credit will be ruined and you may be subject to additional costs. You should try discussing the matter with the lender and try to arrange a less lethal surrendering of the property.
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If I pay about 6 months worth of mortgage payments so I can be ahead what will happen if my house was to get destroyed Would I be out of all 6 months worth of money?
It sounds like you would be expecting a refund. You owe your mortgage payments even if your house gets destroyed. If you paid six months ahead your money is gone. You won't get it back but it would reduce what you own on your mortgage. However, if you have a mortgage then it is likely you have homeowner's insurance that would restore/repair your dwelling.You may also be expected to make your monthly payments. If you are contemplating this type of move it would be best to discuss it with your mortgage company before you send in any extra payments.
How did first mortgage become 2nd with new loan?
A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.
Where can one find a free mortgage calculator online?
Free mortgage calculators can be found on the following websites: "Bankrate", "Right Move", "Money Extra", "Scotia Bank", as well as "Mortgage Calculator".
Can a person move their current mortgage to a bigger house?
United StatesGenerally, portability of mortgages is not a feature of US lending. You should check with your lender.CanadaIn Canada, you can move most mortgages - it's called 'Porting' the mortgage.
What are the pros and cons of a reverse mortgage?
Pros:No payments on the mortgage as long as you live in the home.Proceeds from the reverse mortgage is not subject to income tax.Non recourse loan, meaning that the lenders collection efforts are limited to only the home, not personal assets or credit.Flexibility in how you get the money and how you spend it.refinance, sell the home or move any time you want.No impact on Social Security or Medicare benefits.Cons:Closing costs are a little higher than conventional loans.Reduced Equity in the home.Can affect medicare benefits.
Can you prepay principal on a reverse mortgage?
A reverse mortgage has no prepayment penalty, so you can prepay a portion or all of it at any time. Since mortgage interest is deductible in the year you pay it, you can use the reverse mortgage for tax planning making payments in years you need a bigger tax deduction, and making no payments in years you don't need one. You can move at any time, refinance it, or streamline it to a new reverse mortgage.
You have not received any information on how your mortgage account will be handled since HSBC has decided to move out of the US Will you be charged extra fees by them to collect payments on this loan?
You are always responsible for making payments on your mortgage. If you do not have current servicer informtion, pay the last known servicer, and keep your back up. If you don't, you will likely be charged a late fee.
Ex wife not making house payments can you file a motion to move her out?
If by voluntarily not paying the mortgage she is putting the home in danger of foreclosure, you can try. Usually the court will not let either party "waste" the marital resources.
If I pay about 6 months worth of mortgage payments so I can be ahead what will happen if my house was to get destroyed Would I be out of all 6 months worth of money?
It sounds like you would be expecting a refund. You owe your mortgage payments even if your house gets destroyed. If you paid six months ahead your money is gone. You won't get it back but it would reduce what you own on your mortgage. However, if you have a mortgage then it is likely you have homeowner's insurance that would restore/repair your dwelling.You may also be expected to make your monthly payments. If you are contemplating this type of move it would be best to discuss it with your mortgage company before you send in any extra payments.
If you have had a mortgage for 6 years you have paid about 4 times as much interest as has been deducted of the loanIf you decide to move house and get another mortgage would you get some of this inte?
If you have been making more than the required payments, then that surplus should have been applied to the principal balance of you mortgage. If you sell the home, you will receive a check for the difference between the purchase price and the principal balance minus fees.
How long of a notice does a partner have to give when moving out and you are not on the mortgage?
Probably 30 days would be helpful so you can find another place to rent. Basically, you have to move out when asked. If you have been making payments on the house, you can later take steps in civil court to get some of the money back.
How do you get your girlfriend to kiss you without making any moves?
make a move, fool!
How do you get a guy that you like to talk to you without making the first move?
One way that a girl can get a guy to talk to her without making the first move is to have your friends talk to him. You can also come across his path and see if he talks to you first.
Is house refinancing the right thing if you have high payments?
Given that the current rates are at a historic low, it is an excellent move. Currently though with the economy and mortgage crisis, housing prices have dropped. So, it has been difficult for the average person to obtain a mortgage refinance because the main reason is people have lost equity in their homes, and mortgage companies want people to have at least 20% equity in their homes.
What is your timeframe to making a move?
What is your timeframe for making a move?
How did first mortgage become 2nd with new loan?
A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.A first mortgage can move to second place by virtue of a subordination. The first mortgagee subordinates its lien to the new mortgage by a written instrument that is recorded in he land records. That way, the new mortgage takes priority as the senior lien.
Can you move up a level on moshi monsters without making your monster happy?
Somtimes ..........the daily challenge is helpful
