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Will a drug conviction prevent you from being employed in the mortgage industry?
Wiki User
∙ 9y ago
No, a drug conviction will not automatically prevent a person from being employed in the mortgage industry. Each company has their requirements that a person must meet to be hired.
Wiki User
∙ 9y ago
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What happens if you have a reverse mortgage and then marry someone who is under 62?
You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.
How does a new homeowner get a mortgage?
Prior to purchasing a new home, people often get pre-approval status with either a mortgage broker or a financial institution. From there, persons can actively search for houses. It is often done prior so to prevent persons from overspending or loving a home which they can not afford.
What happens if your mortgage exceeds the house value?
If your mortgage exceeds the sale price of your property your will be subject to a "Mortgage Shortfall" If you are selling your property to move to another and the shortfall is less the 2% most high street lenders can arrange a loan for your replayment of the mortgage shortfall and will not prevent you selling your property. If the % of "Shortfall" is significant some lenders will insist in you taking a secured loan, or disallow the sale of your property until some of the shortfall is paid. If you have mortgage shortfall, AND mortgage arrears it is unlikely any high street lender will allow you to sell the property and move to another. If your mortgage arrears exceed 3 months they may start repossession proceedings. In most cases if individuals financial situation allows the most cost effective way of dealing with mortgage shortfall if you intend to move and do not have adverse credit is to find the cheapest unsecured loan for the minimun required by the lender to pay off a lump sum of the mortgage which will reduce or remove any shortfall your property currently has.
Can a high credit card balance prevent you from getting a mortgage?
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
What does Market Barrier mean?
Market barriers are things that prevent people from opening a business. Many barriers to the market help companies in the industry keep their market share.
Can a felony robery prevent you from getting a CDL in texas?
Unless the felony involved the use of a CMV, you can still get a CDL. The conviction will, however, prevent you from being employed as a CDL driver.
Can having a misdemeanor assault third conviction prevent my employment at whole foods market?
Can having a misdemeanor assault 3rd conviction prevent my employment at whole foods market
Can a DUI and Reckless Driving conviction prevent employment?
yes
How do you prevent a home mortgage loan company from securitizing your loan?
You can not prevent home mortgage loan company from securitizing you loan. The only way out is do not default your repayment.
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
Can larceny prevent a seventeen year old from getting in college or getting a job?
A conviction for felony larceny can prevent getting into many colleges and will show up in background checks for jobs. The teenage conviction can be sealed or expunged in some states.
Would an attempted insurance fraud conviction prevent you from acquiring a gun permit?
It would depend on the state, but probably yes. It might depend on whether or not the conviction was a misdemeanor or a felony.
What will prevent you from owning a gun?
Nothing. This is America. A felony conviction, or domestic violence conviction. ******** EDIT ************* There are additional conditions, listed in the 1968 Gun Control Act. See above
What is the laboratory and medical procedures employed to prevent microbial contamination are called?
Sterilization
What are some good ways to prevent hypotheken?
Hypotheken is not some sort of sickness like hypothermia. It is also not a disease. Hypothoken translates from Dutch to English meaning mortgage. If you want to prevent having a mortgage, don't purchase a house.
Will a DUI conviction and assault conviction prevent you from living and working in New Zealand given you are an Australian citizen?
Depends on the seriousness of the crime,possibly yes if the imprisonment(if given) is 12 months+
Will a prior conviction prevent someone from being a firefighter in New Jersey?
Normally yes, if the conviction is a violent one, or drug related. Different Dept.'s have different standards for entrance.
