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What else can I help you with?
What is a coborrower's liability on a Mortgage?
The liability is 100%. Both are 100% responsible for payment.
What happens when a coborrower stops paying their portion of mortgage?
The other co-signer is responsible for paying the mortgage. If the mortgage goes into default both credit records will be ruined. Both signers are equally responsible for full payment. If one doesn't pay the other must or the bank will foreclose.
Can you remove someone from a deed if you are still paying on the mortgage?
Only if they want to be removed. They have a property right and only they, or a court order, can remove them.
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"
My spouse passed away. Do I need to contact the mortgage holder to remove his name from the mortgage?
No, you dont unless he left the house to someone else. then you pay someone who works for the bank to back date the removal of his name from your new morgage. Good luck
How do you get your name removed from the church mortgage loan?
Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.
What is the cost of an appraisal to remove PMI from my mortgage?
The cost of an appraisal to remove PMI from your mortgage typically ranges from 300 to 500.
When can I remove PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and the increase in your home's value.
When can I remove my PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
When can you remove PMI from your mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
Can you get an appraisal to remove PMI from your mortgage?
Yes, you can get an appraisal to remove Private Mortgage Insurance (PMI) from your mortgage if your home's value has increased enough to meet the lender's requirements for PMI removal.
How do you remove your name from a joint mortgage in Portugal?
You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.
