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Yes, if you just stick to your payments for the set amount of time, you will eventually pay your mortgage off. Most mortgages allow for early payoff, although some will charge a fee.

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12y ago

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Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


What are the rates for loans with Halifax Mortgages?

The rates of mortgages are running 3.48% right now. If choosing Halifax Mortgages one will have to pay a little higher rate to 3.78% if they have a low credit score it will be a little higher.


What are the different options available for home loans repayment?

The different options available for home loan repayment include fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, and balloon mortgages. Fixed-rate mortgages have a stable interest rate throughout the loan term, while adjustable-rate mortgages have rates that can change over time. Interest-only mortgages allow you to pay only the interest for a certain period, and balloon mortgages require a large final payment at the end of the loan term.


Are interest only mortgages a good idea?

No, why would you want to pay for interest only on a mortgage and not the principle. In order to pay the mortgage off you have to pay on the principle.


What are the different home loan payment options available to me?

The different home loan payment options available to you typically include fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, and balloon mortgages. Fixed-rate mortgages have a stable interest rate throughout the loan term, while adjustable-rate mortgages have rates that can change over time. Interest-only mortgages allow you to pay only the interest for a certain period, and balloon mortgages have lower initial payments but require a large final payment.

Related Questions

Does the bank pay for ads for reverse mortgages?

Yes. If the bank advertises reverse mortgages it must pay for the advertising.


How many mortgages do you need to pay off in animal crossing wild world?

I believe you have to pay 7 mortgages. It may be one more or one less.


Will people having mortgages with Lehman brothers pay them back?

Yes.


Can you get a mortgages while unemployed?

No, because you don't have money to pay the mortgage.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


What are the rates for loans with Halifax Mortgages?

The rates of mortgages are running 3.48% right now. If choosing Halifax Mortgages one will have to pay a little higher rate to 3.78% if they have a low credit score it will be a little higher.


What is toxic asset?

It's all these subprime mortgages and bad mortgages. They are practically worthless cause people cant pay them back. The banks lended money to people who couldn't pay them back. Now these crappy mortgages are all packaged up and Wall St. sold them to different places, and this was done behind closed doors.


What are the different options available for home loans repayment?

The different options available for home loan repayment include fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, and balloon mortgages. Fixed-rate mortgages have a stable interest rate throughout the loan term, while adjustable-rate mortgages have rates that can change over time. Interest-only mortgages allow you to pay only the interest for a certain period, and balloon mortgages require a large final payment at the end of the loan term.


If you have two mortgages can you pay one and not the other?

There will be serious consequences. The lender you don't pay has the right to take possession of the property by foreclosure.


Are interest only mortgages a good idea?

No, why would you want to pay for interest only on a mortgage and not the principle. In order to pay the mortgage off you have to pay on the principle.


What are the different home loan payment options available to me?

The different home loan payment options available to you typically include fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, and balloon mortgages. Fixed-rate mortgages have a stable interest rate throughout the loan term, while adjustable-rate mortgages have rates that can change over time. Interest-only mortgages allow you to pay only the interest for a certain period, and balloon mortgages have lower initial payments but require a large final payment.


Can you buy a new house if you are upside down on your house?

Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.