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Just as you would with any other person that was not your spouse. Both of you will need to apply, and both of you will be liable for the payments. Assuming that you're applying for a mortgage on a house, the mortgage company will want to know if both (or either) of you will be occupying the house, or if you'll be using it as investment property. Any bank or financial company should be able to walk you both through the process. One suggestion. Go to a lender that has an actual office where you can talk to a live human being. I have yet to see an internet lender actually come across with a better deal than you could get using a local lender.
What else can I help you with?
What does mortgage mean in a sentence?
A mortgage is a loan secured by real property. Sentence: My sister was able to qualify for a mortgage and purchase her first home.
Who gave the sister wives their loan?
Guild Mortgage Company
Ok if the judge give you the property out of the estate your sister left a mortgage behind do you pay it?
The mortgage has to be resolved. It is not something that is inherited and a new mortgage may have to be obtained.
When was the first mortgage backed security issued in the US?
hi i am discussing with my sister and brothers when the first mortgage issued. thanks
Foreclosure in probate?
me and my sister are in probate and faceing foreclosure because of miscommunication on the mortgage payments, what can we do?scared of losing mothers home.
If my sister and her husband took out a mortgage with my mom as a cosigner and are now behind in their mortgage payments will my mom's estate responsible for the mortgage?
Each person who co-signs a mortgage is equally responsible for paying the mortgage. If your mother has died then her estate must be probated. The debts of the decedent must be paid before any property can be distributed to the heirs. You need to consult with an attorney who specializes in probate in your area who could review your situation and determine what the obligations are regarding the mortgage.
You cant get a mortgage loan can i put your sister on the loan eventhough she live on a different state?
You can add your sister that lives out of state. One of my personal favorite loan for this is the FHA loan. She will be classified as a "Non-Occupying CoBorrower"
IF 2 sisters have a mortgage together and one gets married can the sisters sell the home to sister and husband essentially selling to self?
no because they will do each other
Can your sister continue to reside in a home that was bought for her by our deceased father if he willed it to her and he was the only mortgage holder?
Provided the estate is solvent, she should be able to obtain the title to the home, subject to the remaining mortgage. She can remain in the home, but will have to satisfy the finance company's lien on the home through a new mortgage or paying it off. There may be additional clauses in the will directing that the mortgage be paid off by the estate. The executor of the estate, or their legal counsel, will be able to answer these questions.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Can mortgage company foreclose on an estate home in probate?
Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
