Just because the mortage says it is the first mortgage doesn't necessarily mean it is. The time of filing at the court house will determine which is the first mortgage and which is sub-ordinant.
You would want to get in touch with your mortgage holder's customer service to find out how to get an EMC mortgage for your home. This is the best way to make sure you follow their procedure.
NO. The owner of the property must sign the mortgage and all the owners must sign if there are multiple owners. All the owners must consent to the mortgage so that in the case of a default, the lender can take possession of the property by foreclosure.When you co-sign a mortgage for property that belongs to another person you have agreed to pay the loan if the principal borrower defaults. You have no rights nor interest in the property unless your name is on the deed. You have simply volunteered to pay for property you do not own.
A mortgage advisor is responsible for assisting you in finding what is the best process for you to follow through with when it comes to finding and financing a home.
"Follow" already is an action verb!
Additive Identity Property
Massachusetts is a separate property state.
Typically you would be able to find an online mortgage calculator by going on any mortgage firm's site and there should be one listed there. You should try Nothnagle.
Lincoln Mortgage information can be found by contacting a reputable bank, such as Bank of America or Conestoga Bank. Once information has been requested, a Lincoln Mortgage representative will follow up.
No, mortgage payments are due in the beginning of the month like rent; however, the mortgage payment covers the previous month's interest and principle on the mortgage loan. Rent is an "annuity due" because it is paid in adavance to cover the next 30 days to follow.
A tax lien does not stay with property, it follows the person. (State and Federal Tax Liens) Other types follow the property....Abstracts of Judgment, Mechanics Liens.....also voluntary liens such as Deeds of Trust, those follow the property as well.
Mortgage payments can be discussed at your local bank with your bank manager. They will be able to tell you everything you need to know and the best options to follow.
because your property is the country's land