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A mortgage is a concept which can be explained simply to someone. A mortgage is essentially a loan in which the house functions as a source of collateral.
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∙ 10y ago
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What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Who is the best mortgage broker?
Selecting the best mortgage broker is dependent on where one is looking. One wants a mortgage broker who will return calls dutily, ask and answer all questions, be able to explain every part of the buying or selling process clearly so there are no mistakes down the line.
what happens to seller held mortgage when mortgagor dies?
If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.
How would one explain a reverse home mortgage?
A reverse home mortgage is a loan for home owners or buyers, letting them access some of their homes equity. They can receive the mortgage principal in payments over their lifetime, as a lump sum, as a revolving line of credit, or a combination of the mentioned ways.
How can one get cash out of a home mortgage?
One can get a cash out on the mortgage on their home when one plans to refinance. The refinanced mortgage is higher than the original mortgage, so one is able to keep the leftover cash.
What can you do if your mortgage company requires a reaffirmation agreement for a loan modification but your lawyer said it was not needed so you did not do one?
If your mortgage company requires a reaffirmation agreement but you did not do it based on the advice of your lawyer, talk to the mortgage company and explain to them why you didn't do it. The lawyer should contact them for you and explain that these documents are not needed. In some cases it can be easier just to sign the reaffirmation agreement as the mortgage company is requesting.
What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Who is the best mortgage broker?
Selecting the best mortgage broker is dependent on where one is looking. One wants a mortgage broker who will return calls dutily, ask and answer all questions, be able to explain every part of the buying or selling process clearly so there are no mistakes down the line.
what happens to seller held mortgage when mortgagor dies?
If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.
How would one explain a reverse home mortgage?
A reverse home mortgage is a loan for home owners or buyers, letting them access some of their homes equity. They can receive the mortgage principal in payments over their lifetime, as a lump sum, as a revolving line of credit, or a combination of the mentioned ways.
How can one get cash out of a home mortgage?
One can get a cash out on the mortgage on their home when one plans to refinance. The refinanced mortgage is higher than the original mortgage, so one is able to keep the leftover cash.
Where can one get a home mortgage if one has bad credit?
One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.
Where can one apply for a consolidation mortgage loan?
One can apply for a consolidation mortgage loan through the following websites: Quicken Loans, Chase Mortgage, and American Equity Mortgage. All three of these companies will help one with a consolidation mortgage loan.
Where might one find mortgage companies?
There are many places where one might find mortgage companies. One might find mortgage companies at popular on the web sources such as My Mortgage and 123 Mortgages.
What is the definition of 'senior mortgage'?
A 'senior mortgage' is the first mortgage placed on a property. If one re-mortgages one's house, then that becomes known as a 'junior mortgage'. Payment of a senior mortgage always takes precedence over payment of a junior mortgage.
Where can one buy a direct mortgage from?
There are many places where one can buy a direct mortgage. One can buy a direct mortgage from popular on the web sources such as Capital One and Chase.
What are the options for an unmarried couple who have split up and have a shared mortgage?
Each person who signed the mortgage is responsible for it. Generally, the only way to remove your name from the mortgage is to pay the mortgage in full. Perhaps one co-owner could arrange to buy the other's interest and refinance the property with a new mortgage. If a buyout won't work then the property would need to be sold and the mortgage paid off. Until a decision is made the mortgage must be paid. You need to seek the advice of a real estate attorney who could explain your options and negotiate with your bank on your behalf, if necessary.
