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You own it and no longer need to pay a mortgage. You get the deed to the house and are free to do whatever you want to.
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Should you pay off your house mortgage?
Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.
How can one buy a house with no mortgage?
One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
How long does it take to get the deed to a house once you pay it off?
a year
What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
Should you pay off your house mortgage?
Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.
What are the prices for expanding your house on animal crossing wild world?
First house expansion-Pay off 19,800 Bells Second house expansion-Pay off 120,000 Bells Left room-Pay off 598,000 Bells Upstairs room-Pay off 298,000 Bells right room-Pay off 728,000 Bells Back room-Pay off 848,000 Bells All to gather pay off 2,313,800 bells to the town hall
How can I pay off my house early?
The best way to pay off your house early, is just to pay more than the monthly payments every month. Say your payment is 200 a month, then pay 400 a month, that is double, and will help you pay it off twice as fast. Also, if you get behind, you won't loose your house.
can i get a grant to get a house do repairs and pay off bills ?
can i get a grant to get a house do repairs and payy off bills
If your ex was court-directed to pay off your home-equity loan in the divorce can you sell the house without using your own equity to pay off the loan if he cannot refinance or pay in a lump sum?
Since the house was used as collatoral for the loan you would have to use your equity in the house to pay off the loan.
What are the release dates for My House Is Worth What - 2006 Will Projects Pay Off?
My House Is Worth What - 2006 Will Projects Pay Off was released on: USA: 3 March 2011
What happens when you dont have anymore mortgage to pay in animal crossing wild world?
It means Congratulations! You have just paid off all of your mortgages and have the biggest house ever!
What happens if you don't pay the power bill?
They turn it off.
How can I qualify for house refinancing and is it beneficial?
You can qualify for house refinancing if your income has gone up or if you find that you do not want to wait however many years to pay off your house. It is beneficial because the sooner you pay it off, the less interest you must pay.
What are some good tips to pay off my house early?
The easiest way to pay your house off early is to consider a mortgage loan. I suggest that you visit the following website to learn more: http://christianpf.com/pay-off-your-mortgage-early/.
What if you pay off your mortgage in animal crossing but you cant find a new room what happens then?
Once you pay of your mortgage, go to tom nook, speak to him he will he surprised and ask if you would like your house to be modified (bigger) say yes, then hell ask what color roof you want choose it, then the next day your house will be bigger but you have to pay of the mortgage for the bigger house then :(
What happens when you die and leave a mortgaged house to someone?
They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.
