To pay off your home loan in 5 years, you can consider making larger monthly payments, making extra payments whenever possible, refinancing to a shorter loan term, and cutting down on expenses to allocate more money towards your loan. It's important to create a budget and stick to it to achieve this goal.
Home Loan is the amount from banks for property purpose that you will pay for the coming years.
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
no...the note goes back with the bank...your credit is ruined for five years
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.
I would need more details but in general, the answer is no. If you don't pay your car loan, you lose the car. If you get a home equity loan and can't repay it, you lose the house - big difference.
You must pay off the loan.You must pay off the loan.You must pay off the loan.You must pay off the loan.
The estate will have two specific choices: Pay off the loan with the money in the estate. Sell the house and pay off the loan.
Home Loan is the amount from banks for property purpose that you will pay for the coming years.
Since the house was used as collatoral for the loan you would have to use your equity in the house to pay off the loan.
The process of debt consolidation involves taking out one loan to be able to spend in on the others such as a home loan and pay them off. One could secure a lower interest rate by this.
If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
The mortgage must be paid off at the closing from the proceeds of the sale.
Yes.
you pay off you loan till you have 1p left
no...the note goes back with the bank...your credit is ruined for five years
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.