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What else can I help you with?
What is the difference in a partner and a principal of a firm?
The difference in a partner and principal of a firm is huge. A partner is an equal and a principle is the boss.
If you are moving into your partner's house how do you put your name on the mortgage?
Unless your partner adds your name to the title and then refinances, there is no way for you to get on the mortgage.
You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?
You own the land subject to the mortgage.
What is a principal partner in a partnership?
he is the sole propritor of a partnership
What type of letter should be sent to a mortgage company when your partner agrees on you coming off the mortgage?
First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.
What is the difference in a Partner and a Principal a business firm?
A partner is someone who has helped to start the business or who has a lot of stock in the company. A principal is someone from the outside who contributes information or services to the business.
How do you take a partner's name off the mortgage?
You can't take someone's name off the mortgage. The mortgage belongs to the bank and both of you signed a contractual obligation. The mortgage must be paid off and refinanced in one name and the partner must convey their interest to the co-owner. Then the property and mortgage will be in one name.
Can you get your bankrupt ex partner taken off your joint mortgage?
You would need to refinance your mortgage loan to remove the ex.
How can we effectively split the mortgage with our partner?
To effectively split the mortgage with your partner, you can consider dividing the monthly payments based on each person's income or financial contribution. You can also create a joint bank account specifically for the mortgage payments, and set up automatic transfers from each person's individual account. It's important to communicate openly with your partner about financial responsibilities and come to a mutual agreement on how to split the mortgage fairly.
Can ex partner change locks if both on mortgage?
You can't be denied access.
If you have a joint mortgage with an ex partner and you are refused a chage of parties for your joint mortgage are there any other options to getting them off the mortgage?
contact a real estate attorney in your state to assist you
How much does a financial consultant make annually in a top firm like mckinsey esp as a principal or as a partner Assume New York area?
Principal - mid 6 figures Partner - high 6 to 7 figures
