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Is it possible to have your mortgage loan modified if one is current on mortgage payments?
Wiki User
∙ 14y ago
Yes, although mortgage companies are more likely to modify a loan in default.
Wiki User
∙ 14y ago
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Can the mortgage company at any time take your home away if you are still making payments after bankruptcy?
Ususually in BK a house is either voluntarily surrendered, because it is not possible for the borrower(s) to keep up payments.. Or the buyer reaffirms the loan with the lender and works out a plan to repay missed payments. If your mortgage payments are current, I see no reason why the lender would seek foreclosure.
Will a mortgage calculator let me know how much house I can afford to buy?
Yes, a mortgage calculator will help you in your decision to purchase a home. The mortgage calculator will also ask you for various inputs such as pre-tax income, current debt and debt payments, points on the mortgage loan, current rent payments and others to help make the decision.
What are the current mortgage rates for a 30 year fixed in Dallas?
Current mortgage rates for a 30 year fixed in Dallas would be about $ 600.00 a month. If you are in good standing and have credit payments may be less.
Maximum Mortgage?
Maximum Mortgage What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
What are sale proceeds?
If you are not behind on your mortgage payments, most likely we will not be able to begin the Short Sale process. We never advise a homeowner to stop making payments. If you are current on your mortgage but are unable to make your payments anymore, contact your lender. This would be a good time to proceed with a Loan Modification. If you do, however, become behind on your mortgage payments, we can assist www. disappearingmortgage . com you at that time.
What are the benefits of refinancing your home?
Refinancing your home may give the advantage of lowering your current mortgage or reducing your monthly mortgage payments allowing you to pay off your existing mortgage quicker than anticipated.
What is an ING mortgage calculator?
The ING mortgage calculator determines the costs, payments, and how much you can afford by inputting basic information and amounts about your current spending. It also determines how much you can borrow money as well as helping you make flexible payments.
Do voluntary mortgage payments get recorded as principle AND interest or principle only?
Not sure about U.S.A. loans, but in Canada, if you pay extra towards your mortgage, the entire payment goes towards the principle only. This is, of course, assuming that your mortgage agreement doesn't state otherwise, and that you are current in your regular required payments.
How can I go find out more about how reverse mortgage formula is calculated?
Reverse mortgage reviews your current mortgage payments with the amount of equity you have built up. There are several companies with this option but the majority only offer this for seniors.
Can you refinance your home even if you are behind on payments?
You will make up the payments in the refinancing deal--check with your current mortgage company. Hopefully, you have some equity that will cover this and the cost of refinancing.
How do you calcualate equity in your home?
Home equity is the difference between the current value of a home and the amount still owed on the mortgage. As the principal of the mortgage amount decreases as a result of monthly mortgage payments, the home equity increases.
Mortgage Required Income?
Mortgage Required Income What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.
