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

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โˆ™ 2008-09-23 23:49:54
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Q: What is average mortgage for American home owners?
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When was American Home Mortgage created?

American Home Mortgage was created in 1987.


Does house insurance cover a mortgage if the holder dies?

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


What is the average home mortgage loan rate in WI?

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%.


If the deed of the house is in your husbands and your name and you are paying the original owners mortgage what are your legal rights to the home?

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.


What does an FHA borrower's housing expense include?

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).


Is home owners insurance required?

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.


If your mother is on the mortgage loan can you refinance the home in your name if you are on the deeds?

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.


Where can new home owners compare interest rates?

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.


What is the average home mortgage in the Jacksonville area?

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


How much does an average US home mortgage cost?

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%.


Who gets paid with a construction mortgage loan, the contractor or the home owner?

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


How many tv's are in the average American home?

there are about 2 in the average American home.


What is the average home mortgage rate in California?

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.


What is the average mortgage for new homes in Dallas TX?

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.


Do you have to have home insurance in Colorado?

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


How would one explain a reverse home mortgage?

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.


Will mortgage companies aid home owners when insurance company rejects claim after sewer collapse?

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.


Who is the owner of a home if only one spouse signs the mortgage?

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.


How old is the average American home?

The average American home is 79 years old.


What is the current average refinance home mortgage rate?

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.


Where is the American Home Loans company located?

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.


Best available equity home mortgage, worthwhile.?

In order to qualify for a home equity mortgage you must first have a line of credit open with your home. This usually entails the home owners owing less than 80% of the original mortgage. The rates range from 2.78% to 4.27% for a $10,000 equity loan. Contact your bank to see if you would qualify.


What is a reverse mortgage for?

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.


Why do most home owners pefer a fixed rate mortgage?

You know exactly how much your mortgage payment is and will be in the future. With a variable rate your interest rate jumps up at some future date and your mortgage payment increases.


How many people live in the average American home?

4 people live in the average American home.

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