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If I pay about 6 months worth of mortgage payments so I can be ahead what will happen if my house was to get destroyed Would I be out of all 6 months worth of money?
Wiki User
∙ 6y ago
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.
Wiki User
∙ 6y ago
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If the Smiths took out a thirty year mortgage. how many monthly payments will they have to make on this mortgage?
12 months in a year. 12 X 30 = 360 payments.
What does mortgage protection usually cover?
"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."
How many missed mortgage payments before you get repossessed?
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
My sons have been making the mortgage payments the last 6 months based on the loss of my business I want sell the house to them at the value price of the home not my mortgage amount how do I do this?
Contact your mortgage company about doing a "short sale".
The Smiths took out a 30 YEAR mortgage How many monthly payments will they have to make?
10x12 = 120 months. 120 months x 3 = [360 months] 360...12 month in a year times 30 years.
How do we receive a grant up to $50,000 or 6 months mortgage payments?
How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?
If the Smiths took out a thirty year mortgage. how many monthly payments will they have to make on this mortgage?
12 months in a year. 12 X 30 = 360 payments.
Can you sue your mortgage company in your state or do you have to sue in the state they are HQ'd in?
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
What does mortgage protection usually cover?
"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."
How many missed mortgage payments before you get repossessed?
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
If you have an order to make mortgage payments in Lieu of childsupport What if you fall behind on the payments Is it contempt?
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.
My sons have been making the mortgage payments the last 6 months based on the loss of my business I want sell the house to them at the value price of the home not my mortgage amount how do I do this?
Contact your mortgage company about doing a "short sale".
What are the causes of foreclosure?
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.
When does a bank issue a foreclosure notice?
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.
The Smiths took out a 30 YEAR mortgage How many monthly payments will they have to make?
10x12 = 120 months. 120 months x 3 = [360 months] 360...12 month in a year times 30 years.
Is it legal to pay 12 months advance mortgage payments on owner occupied property?
Of course. You can pay any payments in advance, although it may be better to just pay down the principal balance instead.
Where can I find online tips for refinancing?
Check with your mortgage company, as each mortgage company will have different obligations that you need to fulfill before you can refinance your mortgage. For example, you might not be allowed to be "underwater," or you might have had to make your payments on time for at least 6 months before refinancing.
