To take a mortgage on your house, you need to apply for a loan from a bank or mortgage lender. They will assess your financial situation, credit history, and the value of your home to determine the amount you can borrow. If approved, you will sign a mortgage agreement, which is a legal contract that allows the lender to use your home as collateral. You will then make regular payments to repay the loan over a set period of time, typically 15 to 30 years.
can i get aloan to fix my house without taken a second mortgage out
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.
Yes, you can sell a house with a fixed mortgage in place. The buyer can either take over the existing mortgage or pay it off in full at the time of the sale.
It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.
yes.
yes
can i get aloan to fix my house without taken a second mortgage out
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.
The mortgage should be paid by the remaining estate. If there is not enough cash left to pay off the mortgage, the house can be sold and the mortgage paid at closing, or if the mortgage is assumable, the son may take on the mortgage as his own debt and keep the house.
Yes, you can sell a house with a fixed mortgage in place. The buyer can either take over the existing mortgage or pay it off in full at the time of the sale.
It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.
yes.
No, if you own a house outright with no mortgage, you do not have to pay a mortgage on it.
Refinancing is one way to lower your mortgage on a house. To start out with the lowest rate is to shop around with different banks to give you the lowest percent rate. Take your time, you want the best mortgage for you.
To do this you have to pay of the mortgage for your house. Then, if you go to Tom Nook's shop he will talk to you about paying off your mortgage and you will be able to upgrade your house. This will come with a bigger mortgage. If you pay off this mortgage you will be able to upgrade again. You can repeat this cycle a few times until your house is fully upgraded. This may take a while.
Yes.
All the owners of real estate must sign a mortgage that will affect the property. The bank will take into consideration the amount that is already owed on the property for the first mortgage and the ability of the owners to take on more debt.