No you cant because part of your mortage is for the land value and part is for the value of the structure/house.
If two people both own a home or are both in the process of paying off a mortgage on a home, one of them can certainly buy out the others interest in that home, as long as both of them agree on the price.
As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.
This depends on the Terms and Conditions of the Policy, you will find these on the Policy Document itself.
A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM) is a relatively new product. A reverse mortgage is a loan against the equity in your home that you don't need to pay back for as long as you live in the home.
Most First-Time Home Buyer mortgage programs require a 30-year mortgage although there are some exceptions. Most offer a lower down payment or even no down payment but there are downsides to these programs. Consultation with a reputable mortgage broker and your banker will help cut through the confusing language and give you the best advice.
It is possible to change the term of one's mortgage. The monthly mortgage payment amount will change since one is paying the mortgage off for either a long period of time or a short period of time.
I am 3 months behind on my mortgage? How long until they repo my home?
A wells fargo home mortgage can take up to anywhere between one hour to three days. It is not a long process, depending on which way you apply for the loan. It's not a long process.
There is no set time for how long it will take a mortgage company to repossess a manufactured home. It could be as short as 30 days or take up to a year or more.
The concept of a jumbo mortgage rate is about having a larger rate so that you can pay it off faster. In the long run however, you will be paying more money to the bank.
A reverse mortgage is a home loan taken out by a senior home owner that requires no loan payments for as long as the borrower remains living in the house.
As long as their debt to income ratio is low enough. Generally your mortgage payment should be 25-35% of your net income (what you actually bring home)