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What else can I help you with?
If a person defaults on mortgage payments will this affect the cosigners on their student loan?
yes
How does an escrow increase affect my mortgage payment?
An escrow increase can affect your mortgage payment by causing it to go up. This is because an escrow account is used to pay for property taxes and homeowners insurance, and if these costs increase, your monthly payment will also increase to cover the higher expenses.
How does a 30-day late payment on a mortgage affect your credit?
If you are trying to refinance your mortgage... it will affect the interest rate. (it will be higher) It will haunt you for at least 12 - 24 months.
How does having a student loan affect the ability to secure a mortgage in the UK?
Having a student loan can affect the ability to secure a mortgage in the UK because lenders consider the amount of debt you have when assessing your affordability for a mortgage. A large student loan debt may reduce the amount you can borrow for a mortgage, as it affects your overall financial situation and ability to make repayments.
How does a cheaper insurance on my mortgage affect my escrow?
It would result in a slightly lower payment.
What is an rbc mortgage calculator?
A Royal Bank Mortgage payment Calculator is used to see how mortgage amount, interest rate and other factors affect your payment. Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules or determine the affect added principal payments will have upon the length of the mortgage loan.
Your husband has 3 acres in his name but not mine will it be difficult to get a mortgage?
It shouldn't affect a mortgage. The mortgage will be based on the credit worthiness, the down payment, the ability to repay the loan of the people who apply for the mortgage.
When your Father passed away how bad will a car repossession affect a cosigners credit?
It depends on how your father's death, the repossession, and the cosigners credit are corelated.
How does having a student loan affect your ability to qualify for a mortgage?
Having a student loan can affect your ability to qualify for a mortgage by increasing your debt-to-income ratio, which may make it harder to meet the lender's requirements for loan approval. This can impact your overall financial picture and potentially limit the amount you can borrow for a mortgage.
Can you use land as a down payment for a mortgage?
Yes, it is possible to use land as a down payment for a mortgage. However, the land must be appraised at a sufficient value to meet the down payment requirements set by the lender. Additionally, the land must be free of any liens or encumbrances that could affect its value as collateral for the mortgage.
What is the advantage of having you name on deed but not resposible for mortgage?
if you acquired your interest be deed after the mortgage was granted:You are not responsible for the payment of the mortgage and default will not affect your credit record. However, if the mortgagor defaults on the mortgage the bank can take possession of the property by foreclosure and you will lose your interest as well.If you acquired your interest before the mortgage was granted but didn't sign the mortgage:You are not responsible for the payment of the mortgage and default will not affect your credit record. In the case of a default the bank can only foreclose on the half interest of the co-owner who signed the mortgage.
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
