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What else can I help you with?
What is the meaning of mortgage foreclosure?
Mortgage foreclosure is a process by which a person, who has a mortgage on land, legally sells that same land. A mortgage can be defined as a property loan.
How do you get rid of PMI on your mortgage?
To get rid of PMI on your mortgage, you typically need to reach a certain level of equity in your home, usually 20. Once you have reached this threshold, you can request to have the PMI removed from your mortgage payments.
Can the mortgage company take your house without the deed?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
How can I get rid of mortgage insurance on my home loan?
To get rid of mortgage insurance on your home loan, you can either reach 20 equity in your home through paying down your mortgage or by requesting a reappraisal if you believe your home's value has increased significantly. Once you reach 20 equity, you can contact your lender to remove the mortgage insurance requirement.
Do you have to pay mortgage even your name is to on the mortgage?
If your name is not on the mortgage you are not legally liable for the loan as far as the bank is concerned. You could become liable through a divorce if it has been your home for you and your spouse.
How can you get rid of a second mortgage?
Pay it off. You aren't getting rid of it (or the first mortgage) and keep the property that is pledged as security if that's what you mean.
What is the meaning of mortgage foreclosure?
Mortgage foreclosure is a process by which a person, who has a mortgage on land, legally sells that same land. A mortgage can be defined as a property loan.
How do you get rid of PMI on your mortgage?
To get rid of PMI on your mortgage, you typically need to reach a certain level of equity in your home, usually 20. Once you have reached this threshold, you can request to have the PMI removed from your mortgage payments.
Can the mortgage company take your house without the deed?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
How can I get rid of mortgage insurance on my home loan?
To get rid of mortgage insurance on your home loan, you can either reach 20 equity in your home through paying down your mortgage or by requesting a reappraisal if you believe your home's value has increased significantly. Once you reach 20 equity, you can contact your lender to remove the mortgage insurance requirement.
Do you have to pay mortgage even your name is to on the mortgage?
If your name is not on the mortgage you are not legally liable for the loan as far as the bank is concerned. You could become liable through a divorce if it has been your home for you and your spouse.
If your mortgage broker was not yet licensed can you get out of the mortgage you signed the broker told me this in confidentiality Michigan laws?
i was told that this would not be a legally binding contract.
Your parents died leaving a mortgage on the heir property are the heirs obligated to pay the balance of the mortgage?
Yes. If you inherit a piece of property, including a house with a mortgage, you are legally obligated to pay its bills.
How can I get rid of PMI on my mortgage?
To get rid of PMI on your mortgage, you can request its removal once you have reached 20 equity in your home. This can be achieved by making extra payments towards your mortgage principal or through home value appreciation. You may need to provide documentation and meet certain criteria set by your lender.
If my wife has a house in her name, only, and she dies am I responsible for the mortgage?
Only if your wife leaves the house to you as an inheritance are you legally responsible for her mortgage upon death.
How does a bank exit the mortgage brokerage business?
A bank exits the mortgage brokerage business by getting rid of mortgage brokers. Many banks have done this recently because they would rather have their own loan officer work with someone on a mortgage.
When a family member dies can another family member takes over there property legally with a reverse mortgage?
No. The reverse mortgage must be paid off first.
