What is average mortgage for American home owners?


Top Answer
User Avatar
Wiki User
2008-09-23 23:49:54
2008-09-23 23:49:54

average mortgage is $225,000.00 with payments of $1780.00 principal & interest for a period of 30 years.


Related Questions

American Home Mortgage was created in 1987.

NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.

The average mortgage loan rate in Wisconsin is around 4.49%. That is based on a 30 year fixed average. A 15 year fixed home mortgage loan average is around 3.65%.

You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.

If you have a mortgage it is usually required by your Mortgage Company and detailed in your mortgage financed note. It's a contractual matter. If the home is paid off and you do not owe on your home, then it is entirely up to you if you want to insure it or not.

You mortgage princple and interest, property taxes (city and stae if applicable), fha mortgage insurance, home owners insurance and any fees due for a community (home owners asociations).

The mortgage will need to be in the name of and signed by all the owners of the property. If your mother is an owner then she must sign the mortgage.

New home owners can compare interest rates on the following websites: Interest, Canstar, Your Mortgage, Rate City, Mortgage loan, HSH, SMH, Ratehub, Realtor, to name a few.

The average home mortgage rate in the jacksonville area is 3.9 . This comparing sevaral lenders in the are.most rates are between 3.3 to 3.975

The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.

NO. The mortgage company does not warranty the purchased home. However, If you have acquired equity in the home you might be able to take an additional loan (second mortgage) on the equity to effect you repairs.

there are about 2 in the average American home.

On the light sideIf they knew then what they know now, probably the same way many American home owners look at the mortgage company rep. arriving in the driveway."honey, fetch me that shotgun!"

Construction mortgage loans are obtained by the home owners. Most of the funds are used to pay the contractor for the construction project though.

Home insurance is not required by any state law. Typically only a mortgage company will require home owners insurance.

The average home mortgage rate in California is 3.5%. This number may go up or down depending on the state of the economy and the housing market in California.

The average American home is 79 years old.

The cost for the average mortgage on a new home in the city of Dallas, TX can vary depending on a person's credit history. The average mortgage at a 4.8% APR is between $1000 and $1200.

The owners of any property are the grantees listed on the current deed. The property may be subject to a mortgage if any owner granted a mortgage to a lender.

A reverse home mortgage is a loan for home owners or buyers, letting them access some of their homes equity. They can receive the mortgage principal in payments over their lifetime, as a lump sum, as a revolving line of credit, or a combination of the mentioned ways.

Yes. You can only get a mortgage if you own the home.Yes. You can only get a mortgage if you own the home.Yes. You can only get a mortgage if you own the home.Yes. You can only get a mortgage if you own the home.

In the United Stats the average refinance home mortgage rate is around 2.5-3.0. This is only talking about the USA. At other countries the rate is probrbly different.

There is no company called the American Home Loans Company. There is a company called the American Home Mortgage Company. They are based in Melville, New York.

A reverse mortgage is for helping older people who might need money. A reverse mortgage is a type of loan for people over the age of 62 who are home owners and they can use this loan to pay for unexpected expenses.

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.