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How many mortgage quotes should one obtain before taking out a mortgage?
Wiki User
∙ 11y ago
Taking out a mortgage to purchase a home or business is a major life decision. This year the average value of the home rose for the first time in many years. There are many factors a buyer should consider when thinking about a mortgage quote. Several sources of mortgage quotes should be considered. Many suggest going to a bank you already bank with so that relationship with the bank can help you positively.
Wiki User
∙ 11y ago
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How does one go about getting a mortgage?
If an individual wishes to obtain a mortgage they should first ensure that they are financially able to make the repayments. In addition they should ensure that their credit rating is good before discussing how much money is required with a broker.
Where should one go for a mortgage loan?
One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.
What should one know before they refinance a home?
Before a homeowner refinances a home, they should consider how much less a mortgage payment will be after a refinance. They should also consider the differences between a fixed rate mortgage and an ARM mortgage rate. These factors can dictate how long it will take to repay a mortgage.
Should you pay off a default loan before or after you apply for a Mortgage?
You should pay off your default loan before because you may not qualify for a mortgage loan because you already owe money.
How Do you discharge a mortgage?
If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.
How does one go about getting a mortgage?
If an individual wishes to obtain a mortgage they should first ensure that they are financially able to make the repayments. In addition they should ensure that their credit rating is good before discussing how much money is required with a broker.
Where online can you get quotes for truck insurance?
You can get online quotes from a number of insurance companies. You should go to the websites of these companies and see if there is an area in which you can obtain quotes.
Where should one go for a mortgage loan?
One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.
How many car insurance quotes should you obtain when comparing auto insurance?
I would say a good rule of thumb would be to obtain 3-4 car insurance quotes before making a decision. Don't only look at the money though, you should also consider amount and quality of coverage provided for the money.
What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?
You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.
Can an illegal immigrant obtain a reverse mortgage?
i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.
Why should you obtain several insurance quotes?
You would obtain several insurance quotes to see who will give you the lowest price. You might also want to compare coverage and extras such as rental car and towing.
Why should you obtain insurance quotes?
Every insurer charges slightly different rates, so you could get a better price by getting a number of quotes.
Should you sign a deed in lieu of foreclosure if your husband is the only one whoe signed the mortgage note and you live in a community state property?
You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.
What should one know before they refinance a home?
Before a homeowner refinances a home, they should consider how much less a mortgage payment will be after a refinance. They should also consider the differences between a fixed rate mortgage and an ARM mortgage rate. These factors can dictate how long it will take to repay a mortgage.
A home owner should get at least 5 quotes before deciding on a siding contractor. ?
A home owner should get at least 5 quotes before deciding on a siding contractor.
How can you obtain a mortgage wihout a Social Security number?
You cannot refinance a mortgage if you don't already have a mortgage, so how did you get a mortgage if you are an illegal immigrant with no social security number? You should attain legal status first.
