0
What happens to a mortgage when both wife and husband die within a month from each other?
Wiki User
∙ 10y ago
Unless there is a life insurance policy that covers the mortgage, the heirs must pay the mortgage if they want to keep the property. If the mortgage isn't paid the bank will take possession by foreclosure.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What does the average American mortgage payment?
the average mortgage payment is around $1400.00 a month. believe it or not when i bought my house in 1972 my mortgage was $143.75 a month
How much would E and O insurance be per month for a mortgage company?
It may start 1% per month for a mortgage company
Is the payment mortgage on the first of the month covers for that month?
The payment due for the 1st is for present month.
How to cut down the years of 30-year mortgage?
You can refinance the mortgage. You can pay additional principle each month. This will reduce the overall cost of the mortgage. By paying double the principle amount each month, you eliminate a payment at the end of the mortgage time.
What is the average mortgage payment per month in the average American household?
$1500/month
What happens if you do not install windows xp within 30 days?
You will have gone an entire month without XP on your computer.
With 2000 a month can you get a mortgage on a house?
Yes you can get a mortgage if you earn £2000 a Month, but they may ask you to put a deposit down, click the link below for more info about a mortgage/deposit.http://www.creditchoices.co.uk/how-big-a-deposit-do-i-need-to-get-a-mortgage.html
Is mortgage an example of annuities due?
No, mortgage payments are due in the beginning of the month like rent; however, the mortgage payment covers the previous month's interest and principle on the mortgage loan. Rent is an "annuity due" because it is paid in adavance to cover the next 30 days to follow.
What is a mortgage calculator?
A mortgage calculator is a calculator with which you use to calculate your monthly mortgage payment. For example, your home mortgage amount is 300,000 dollars, your mortgage term is 30 years and the annual interest rate is 6%. You would like to find out how much you have to pay per month. In this case, you can use the help of a mortgage calculator, and it tells you that you have to pay 1798.65 dollars per month.
How often do you pay mortgage?
Once a month-generally on the first.
What is the average Australian mortgage repayment?
$4500 per month
What is an example of a fixed cost?
Your rent might be $500 per month. It is a fixed cost. $500 per month. You can rely that every month you have to pay that fixed cost. If you have a house you bought but still pay the mortgage. The mortgage repayment may be $550 per month.
