0
What else can I help you with?
The mortgage is interest only. how is the effect to mortgage?
It is considered a term mortgage which is how mortgages were before the amortized mortgage. In a amortized mortgage a part of every payment goes to principal (the amount you owe) and a part goes toward interest (what the bank charges to loan you the money) In the beginning almost all of the payment goes toward interest but as time goes by more goes toward the principal and less toward the interest until the principal is paid off. The interest only mortgage only pays the interest so you never pay off your debt.
Can a mortgage company sue for the entire amount of a second mortgage after foreclosure even though they received money to cover the first and some of the second after the sale of the property?
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
Sample of down payment receipt for car purchase?
"Received $------- as deposit toward purchase of (vehicle description) balance due upon delivery of said vehicle. (For your protection) Above described vehicle sold "AS IS AS Shown" with no warranty expressed or implied except that of clear title.
How can you protect your investment in a home if your name isn't on a deed?
If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.
What is the amortization schedule mortgage?
Amortization schedule mortgages are mortgages in which a person makes regular payments, usually monthly, to pay off a loan or mortgage. It is used by calculating the amount of a payment that goes toward the interest and how much goes toward the actual principal. It is used for determining how much of a payment goes toward paying off the principal.
What is commercial mortgage rates in office leasing?
In businesses commerical mortgage is very important and to lease an office space you would need to look at loans that are going toward that specific business.
Is it beneficial to calculate a mortgage payment for the future?
It is always beneficial to calculate a mortgage payment for the future. Being aware of financial obligations, especially one as large a a mortgage payment, whether in the present or future, is a good step toward financial security.
In paying off a mortgage loan using level periodic payments the amount of the periodic payment that goes toward the reduction of principal increases over the life of the mortgage is it true or false?
True.
What output will a simple mortgage calculator give me?
A simple mortgage calculator will give you the amount of your monthly payment. It may also break it down in to what part is interest and what part goes toward the principal.
Is share money deposit a part of equity?
A share money deposit is a part of equity. These are considered equity shares, and are long-term profit-invested deposits geared toward to stockholders of a company.
Why should you sue a mortgage company?
There are many reasons why you would sue your mortgage company. Each reason would be because the mortgage company wronged you in some way (for example, not putting enough of your monthly payment toward principal). If you feel you have been wronged by your mortgage company, please contact your state attorney generals office.
Where can people with bad credit obtain services from Mortgage Lender's?
Those with poor credit can obtain mortgage lender services from credit agencies. However, some of the most widely recognized advice is for these individuals to work toward increasing their credit score, rather than obtaining a mortgage.
