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Do recorded mortgages need an amount?

Updated: 9/23/2023
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10y ago

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No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.

No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.

No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.

No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.

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No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.

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Q: Do recorded mortgages need an amount?
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What is a principle amount?

The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)


In the absence of an agreement to the contrary what type of mortgage will have priority?

In the absence of any recorded subordination agreements mortgages take seniority in the order by which they were recorded in the land records.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


What exactly are reverse mortgage leads?

"Reverse mortgage leads are people who need to refinance their mortgages. Companies get this information, and then sell these peoples numbers to banks that do mortgages."


Can you pay of mortgages completely?

Yes, if you just stick to your payments for the set amount of time, you will eventually pay your mortgage off. Most mortgages allow for early payoff, although some will charge a fee.

Related questions

What is the average amount outstanding on US mortgages?

In 2004 the figure was $136,000. Based upon that, I estimate the average amount in outstanding mortgages today is not more than $250,000.


Are second mortgages required to be recorded in Official Records in Florida?

ALL mortgages/liens on property have to be recorded. If they don't record then they can loose their position ( ie... first, second, third). That would not be good for them. They also can not foreclose thru the courts.


What does the term jumbo mortgage refer to as it relates to home mortgages?

A jumbo mortgage is a term used to describe a home mortgage that is bigger that most mortgages. These mortgages exceed the amount that the FNMA and FHLMC will purchase.


What documents need to filed in the court in Colorado to file a Quiet Title Suit?

The Complaint 1. Deed or other document granting you the property from whomever you purchased it; 2. All recorded documents thereafter, including: a. Mortgages b. Assignments of Mortgages c. Trust Deeds d. Substitution of Trustees


In the absence of an agreement to the contrary what type of mortgage will have priority?

In the absence of any recorded subordination agreements mortgages take seniority in the order by which they were recorded in the land records.


What is a principle amount?

The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)


What is principle amount?

The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)


Is there a list on the internet including 100 mortgages?

You can find lists of mortgage lenders tailored to fit your individual needs. There are lists for people who need 100% mortgages, reverse mortgages, refinancing, etc.


What if one spouse is 70 and the other spouse is 45 can a reverse mortgage still be done?

No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


How many mortgages do you need to pay off in animal crossing wild world?

I believe you have to pay 7 mortgages. It may be one more or one less.


What exactly are reverse mortgage leads?

"Reverse mortgage leads are people who need to refinance their mortgages. Companies get this information, and then sell these peoples numbers to banks that do mortgages."