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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.

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14y ago

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Related Questions

What is a loan to buy a house?

mortgage


How do you buy a second house and get a 2nd residential mortgage when you already have a mortgage on your first house?

Sexytime with banker.


How can one buy a house with no mortgage?

One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.


What is the difference between a construction mortgage loan and a normal mortgage loan?

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.


What is a loan to buy a house called?

A mortgage Rose


How does mortgage help someone buy a house?

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Can two people take out a mortgage loan to buy a house?

yes.


Sum of money borrowed to buy a house is called what?

Loan


If you buy a house, do you still have to pay rent?

No, if you buy a house, you do not have to pay rent. Instead, you make mortgage payments to the bank or lender who provided the loan for the house purchase.


How old should you be to buy a house?

It depends how you want to buy it. If you've been left a lump sum and want to buy the house outright for cash - 16. If you need a mortgage - you cannot legally sign a contract for the mortgage unless you're at least 18.


Does mortgage means security?

No. A mortgage is a form of loan to buy a house. As with any form of loan, if you can't keep up the payments, your bank/building society can reposess the house.


Can you sell your house with judgments on your credit report?

Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.