Real Estate

Where does most of the money go in a mortgage?

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2012-12-24 01:02:32
2012-12-24 01:02:32

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.

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20 year it depend of how much money you took for that mortgage


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".



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.


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.


The money must eventually get to the mortgage holder. I am not sure what you want to know.


An expandable mortgage is a Mortgage allowing the borrower to borrow more money without rewriting the initial mortgage.


"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."


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.


when you fancy saving some money


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.


A normal mortgage is borrowing money to buy a house. A construction mortgage is when you own a house and borrow money against the house for repairs or renovations.


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In foreclosure proceedings the 1st mortgage gets their money first. Either the 2nd mortgage will have to buy the 1st mortgage entirely and then sell your house or they will have to hope that whoever buys the mortgage at auction, will bid enough to pay them off.


That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money 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.


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.



One can find current home mortgage rates from: Money Supermarket, Money Savings Expert, Which Mortgage Advisors, Bank Rate, Mortgage News Daily, to name a few.


First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.


The term equitable mortgage means that two parties have made an agreement (whether verbal or written) that the loaner will lend money to the owner of a mortgage using the mortgage as collateral and in the event that the borrower does not return the money he loaned the mortgage is then in the possession of the lender.


Open-end mortgages permit the borrower to go back to the lender and borrow more money up to a certain limit and if certain conditions have been met. The additional funds are loaned at the interest rate of the original mortgage.A similar type mortgage would be an equity credit line mortgage.Open-end mortgages permit the borrower to go back to the lender and borrow more money up to a certain limit and if certain conditions have been met. The additional funds are loaned at the interest rate of the original mortgage.A similar type mortgage would be an equity credit line mortgage.Open-end mortgages permit the borrower to go back to the lender and borrow more money up to a certain limit and if certain conditions have been met. The additional funds are loaned at the interest rate of the original mortgage.A similar type mortgage would be an equity credit line mortgage.Open-end mortgages permit the borrower to go back to the lender and borrow more money up to a certain limit and if certain conditions have been met. The additional funds are loaned at the interest rate of the original mortgage.A similar type mortgage would be an equity credit line mortgage.



Yes, there are many websites that you can go to in order to learn more about mortgage financing. You can start with the msn money section and there would be links to that topic.



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