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What else can I help you with?
Can you explain what recasting a mortgage means?
Recasting a mortgage is when the borrower makes a large payment towards the principal balance of the loan, which then reduces the monthly payments and potentially the overall interest paid over the life of the loan.
How does one explain a mortgage?
A mortgage is a concept which can be explained simply to someone. A mortgage is essentially a loan in which the house functions as a source of collateral.
Can you explain what being pre-approved for a mortgage means?
Being pre-approved for a mortgage means that a lender has reviewed your financial information and determined how much money they are willing to lend you for a home purchase. This can help you know your budget when looking for a house and shows sellers that you are a serious buyer.
What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Can you explain how two or more individuals can share a mortgage for a property?
Two or more individuals can share a mortgage for a property by applying for a joint mortgage. This means that all parties are equally responsible for making mortgage payments and are co-owners of the property. Each person's income and credit history are considered during the application process, and all parties must agree on the terms of the mortgage.
Where can we get more information on prequalified mortgage leads?
A prequalified mortgage lead is when you fill out a short questionaire, about your information on getting a loan, before you actually fill out the original application itself.
Where can I learn about prequalified mortgage leads?
Basically a prequalified mortgage lead allows brokers to contact people whom they think might be interested in the products they offer. It allows them to followup, and contact them with new or special offers they think the customer might want.
What is the different between having a home loan preapproved and prequalified?
A preapproval on a home loan is a simple letter stating that you make enough income to purchase a certain price amount on a house. Prequalified means that you have actually qualified for the loan to buy.
Can you explain what recasting a mortgage means?
Recasting a mortgage is when the borrower makes a large payment towards the principal balance of the loan, which then reduces the monthly payments and potentially the overall interest paid over the life of the loan.
How does one explain a mortgage?
A mortgage is a concept which can be explained simply to someone. A mortgage is essentially a loan in which the house functions as a source of collateral.
Can you explain what being pre-approved for a mortgage means?
Being pre-approved for a mortgage means that a lender has reviewed your financial information and determined how much money they are willing to lend you for a home purchase. This can help you know your budget when looking for a house and shows sellers that you are a serious buyer.
What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Can you explain how two or more individuals can share a mortgage for a property?
Two or more individuals can share a mortgage for a property by applying for a joint mortgage. This means that all parties are equally responsible for making mortgage payments and are co-owners of the property. Each person's income and credit history are considered during the application process, and all parties must agree on the terms of the mortgage.
Can you explain what a mortgage pre-approval means?
A mortgage pre-approval is a process where a lender evaluates your financial information to determine how much money they are willing to lend you for a home purchase. It shows sellers that you are a serious buyer and can afford the home you are interested in.
Can you explain what mortgage pre-approval means?
Mortgage pre-approval is a process where a lender evaluates your financial information to determine how much money they are willing to lend you for a home purchase. This helps you understand your budget and shows sellers that you are a serious buyer.
Can you explain what pre-approval for a mortgage means?
Pre-approval for a mortgage is when a lender reviews your financial information and determines how much money they are willing to lend you for a home purchase. This process helps you understand your budget and shows sellers that you are a serious buyer.
what happens to seller held mortgage when mortgagor dies?
If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.
