0
In the typical 30 year mortgage, the first 20 years are mostly paying interest on the loan. You can expect to pay about 2.5 times of the original mortgage price for the life of the loan.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What sites have mortgage repayment calculators?
There are plenty of mortgage calculators online. Most are free and can help you save money on your mortgage. For example, check out "www.mortgagecalculator.org".
What is the most amount of money you can receive with a reverse mortgage?
That depends on the value of the property.
What if a landlord doesn't pay mortgage with tenants money?
Then the landlords mortgage will go into default and if he/she continues to not pay the mortgage the property will be foreclosed on, and yes, you will be left in on the street. there is nothing that says (unless it is in specifically in your rental agreement) what your land lord has to do with the money.
What is the purpose of mortgage alliance?
A mortgage alliance is an alliance which will help you to pay your mortgage, in most cases by having a money buffer. They will help you in times you cannot pay it to make it possible to delay the payment.
Where might one go to find the best mortgage rates?
There are a number of places one can visit to compare or find the best mortgage rates. Such places include Money Supermarket, Money Extra, Compare The Market and Which.
Where can one go to find out how to choose a 'best buy' mortgage?
To find out how to choose a "best Buy" mortgage, one can go to the website of Money Saving Expert. There one can check and compare mortgage rates offered by different institutions and make a wise choice.
Where do they send the money for mortgage payoff?
The money must eventually get to the mortgage holder. I am not sure what you want to know.
Why si there second mortgage rates?
"Second mortgage rates are for people who already have a first mortgage out and need the money for bills. Or, sometimes if there is an emergency and they don't have the money to cover it, they will take a second mortgage out."
What is expandable mortgage?
An expandable mortgage is a Mortgage allowing the borrower to borrow more money without rewriting the initial mortgage.
Where could one get a mortgage for 50 years?
Like most other mortgages, if an indiviudal is looking to get a mortgage for fifty years they can go to a mortgage broker or their bank / credit union.
What is one potential effect of an increase in mortgage interest rates?
Increased mortgage rates for a homeowner mean their mortgage payments increase. Additionally, less money will go towards reducing the principle with an increased interest rate.
Where can I buy mortgage insurance?
Many places sell mortgage insurance on the web. It may be useful to go to websites such as Money Supermarket in order to compare a range of websites and then go to the companies directly to find the best deal.
