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What else can I help you with?
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
How do you calculate the average mortgage balance?
To calculate the average mortgage balance, you would add up the total amount owed on all mortgages and then divide that sum by the number of mortgages. This gives you the average balance owed per mortgage.
How do you spell morgege?
The likely word sought is "mortgage" (owed amount on property).
What is the formula for calculating a reverse mortgage?
Getting the reverse mortgage on your home entails finding the area the home is located, the amount of the mortgage owed on the home, and the estimate of the home value. It usually helps elderly clients if their home value is significantly more than the mortgage owed, if any.
How can you find out how much is still owed on your account?
To find out how much is still owed on your account, you need to call the account carrier. You might also be able to log into your account online.
Is my house considered an asset even if I have a mortgage on it?
Yes, your house is considered an asset even if you have a mortgage on it. The value of the house minus the amount owed on the mortgage is the equity you have in the property, which is an asset.
What is house under water in real estate terms?
That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.
Where can one find the Bank of Montreal mortgage rates?
You can find the Bank of Montreal mortgage rates on the official BMO website. They also have a How much can I afford calculator to help you decide if you can afford a mortgage.
Where can one find out how much mortgage they qualify for?
They can find out their own mortgage through their bank account and understand the requirements that will qualify them. It will help them in the long run.
Can my mortgage lender refuse a payment because it is not for the full amount owed?
i am two months behind on my mortgage. can the lender refuse to take one payment?
What happens to your mortgage when your bank closes?
Your (previous) bank's assets are transferred to another institution. Your mortgage is considered an asset. It is money owed and part of accounts collectible. Someone somewhere will now hold the note, and you'll owe them like you owed your bank.
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
