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โˆ™ 2006-03-24 20:03:37
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Q: How old do you have to be to get a mortgage?
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Can someone who is 90 years old get a mortgage?

Someone who is 90 years old can get a mortgage. No matter what age you are you can get a mortgage, age doesn't matter. But I don't think you can get a mortgage if your a kid.


Do you have a mortgage from AARP Reverse Mortgage?

No I do not have a mortgage from AARP Reverse Mortgage because I am not 100 years old. That is for old people who need money and do not need their house any longer because they will be dieing soon.


How do you mortgage subordinate?

You can't subordinate a mortgage. One bank, the senior lender, sometimes subordinates their mortgage to a bank who is giving the homeowner a new mortgage. The subordination gives the new mortgage first place and the old mortgage becomes the second mortgage.


How does a reverse mortgage affect the credit score?

eliminates the old mortgage, otherwise no effect


What are the best mortgage companies in Louisville?

There are actually a few popular ones. First Residential Mortgage, Benchmark Mortgage, and Old Colonial Mortgage are just three that are good to go with.


Your age is 55 Are you eligible for Reverse Mortgage?

No. One has to be over 62 years old to get qualified for Reverse Mortgage.


How old do you have to be to qualify for a reverse mortgage?

== Over 62 years.


Can you get a reverse mortgage if you are disabled but only 57 years old?

no


Can you buy a new home if you still own and owe a mortgage on your old home?

If you are intending to keep your old home and buy a new home as well, then whether you can get another mortgage would depend on whether you could afford the payments on both mortgages. If you are intending to sell your old home, then the mortgage on that home would disappear when the home closed. Also, getting another mortgage would again depend on your income.


What is the definition of a remortgage deal?

This is when someone trades their old mortgage for a new one.A remortgage is usually done to lower current mortgage payments.


Who do you contact to find out if an old mortgage has been paid?

The morgage provider


Does the word mortgage come from the French language?

Yes, the word mortgage does come from the French language. It literally means "death contract".The word mortgage does come from the Old French language via the word mort, which means death. Mortgage is from the Latin word mori for death (taken from Old French) and gage meaning a pledge to forfeit something of value if a debt is not paid.


Who is responsible for my deceased 51-year old son's mortgage on his home?

The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.


How do you qualify for a reverse mortgage?

To qualify for a reverse mortgage, the borrower must be at least 62 years old, own their home in full (or be able to pay the balance on their home with the proceeds of the reverse mortgage), and live in that home as their primary residence.


How does remortgaging help financial matters?

Remortgaging is to pay off an old mortgage with a new mortgage. The new mortgage is to change the terms of the loan possibly causing a mortgage to last 15 years compared to 30 years. Therefore debt is paid off sooner rather than later.


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.


How can you get login access to General Mortgage Acceptance Corporation?

You can get login access to General Mortgage Acceptance Corporation online by visiting the Gmac Mortgage website. Once on the page, you can use your old login info or call 800-766-4622.


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.


Who is responsible for mortgage on an estate foreclosure?

The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.


Is mortgage payments considered federal debt?

If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.


Where can I compare mortgage rates?

To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.


How old do I have to be if I want to do a reverse mortgage on my home?

There are no age requirements when considering a reverse mortgage. If you own a home and have equity you can apply. Make sure to research before doing so.


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.


Why does the second mortgage holder have to approve of the first mortgage refinance?

the first mortgage is collateral for the second mortgage.


Can a home be foreclosed on when the mortgage is in a different name from What is on the deed?

Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.