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My father sold me his home in April on a land contract and I was to pay the monthly mortgage payment. He died. We cannot get a loan because the payoff is to high. What do we do?
Macandljc
maybe you can refinance the home to bring down the payments by lowing the interest rate and then pay off more each month toward the loan to bring down the payoff. Or, you can try to raise money by selling things in the home, do some home repair and raise the value of the home. Other than that, its a waiting game.
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∙ 16y ago
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What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What is a monthly payment called?
Amonthley payment on a house is called a "Mortgage"
What companies offer a monthly payment mortgage calculator?
Many global companies offer a monthly payment mortgage calculator. Some of them are banks, financial support companies, and mortgage loaner companies.
What is a mortgage payment calculator?
A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
what would a monthly payment run on a 30 year note & a $60,000 loan?
Assuming your mortgage rate is about 6%, the monthly principal and interest payment would be about $360. Your Mortgage rates might be higher though because of the financial problems.
For what would one use the Coldwell Banker mortgage calculator?
You would use a Coldwell Banker mortgage calculator to estimate your monthly payment on a mortgage. To estimate the monthly mortgage payment you need to enter the purchase price, down payment, interest rate, property taxes, insurance, and mortgage term.
What is a monthly mortgage payment?
A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.
Where can one get information on how to get a lower monthly payment on a mortgage?
There are many ways in which one can gain information on how to get a lower monthly payment on a mortgage. The most reliable way is to go to your bank for advice.
How much is a monthly mortgage payment?
That depends on the cost of the property and the interest rate of the mortgage. There are websites with mortgage calculators.
How do you use a mortgage calculator to figure your necessary down payment?
A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.
What is the difference between a mortgage and monthly rent?
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.
What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?
You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.
