It sounds like you would be expecting a refund. You owe your mortgage payments even if your house gets destroyed. If you paid six months ahead your money is gone. You won't get it back but it would reduce what you own on your mortgage. However, if you have a mortgage then it is likely you have homeowner's insurance that would restore/repair your dwelling.
You may also be expected to make your monthly payments. If you are contemplating this type of move it would be best to discuss it with your mortgage company before you send in any extra payments.
How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?
12 months in a year. 12 X 30 = 360 payments.
I LIVE IN LOUISIANA, MY MORTGAGE COMPANY GAVE ME THREE MONTHS DEFERRED PAYMENTS. NOW THEY ARE TRYING TO FORCLOSE ON MY HOME FOR THE DEFERRED PAYMENTS. I WAS SENDING PAYMENTS AFTER 2 MONTHS THEY REFUSE MY PAYMENTS BECAUSE THEY WANTED THE 2 MONTHS THAT WAS DEFERRED. CAN I SUE THAT COMPANY IN MY STate? desperate
"Mortgage protection covers your mortgage payments if you are unable to pay. Loss of work, injury or illness are some of the reasons homeowners can't pay their mortgage. Payments generally last up to 12 months."
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
Contact your mortgage company about doing a "short sale".
It may be. More importantly, do you want your child to be homeless? If you fall far enough behind on the mortgage payments the mortgage company could foreclose ... and then where would your child be? More likely, your state will go to your employer to garnish your wages for the payments to make sure you fulfill the arrearage and stay on time with future payments. Answer these questions for yourself: are your car payments on time? are your rent/mortgage payments on time? have you bought yourself any clothing in the past couple months? have you bought any gifts for others in the past couple months? have you gone out to eat in the past couple months? If your answer to any of these is YES, then tighten your belt, grow up, lose the self-indulgence and act like an adult ... a parent. Short of significant physical injury or illness beyond your control, you will face consequences.
non-payment of mortgage payments exceeding 2 to 3 months. If the mortgage company does not receive timely payments, they can decide to foreclose. Once they have made that decision it is very hard to correct. If you cannot make your payment call the mortgage company. Communication can go a long way to prevent foreclosure.
Usually after 3 months of not making payments on your mortgage or rent, you will get a foreclosure notice. If you are renting its usually sooner.
10x12 = 120 months. 120 months x 3 = [360 months] 360...12 month in a year times 30 years.
If the judgment is open, you must pay before escrow closes on the mortgage. If the judgment cannot be satisfied, you must show an agreement with the creditor and at least six months of consistent payments.
Of course. You can pay any payments in advance, although it may be better to just pay down the principal balance instead.