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What else can I help you with?
If you do a reverse mortgage CAN you rent out your home?
No, you must keep the home as your primary residence, renting out the home is a violation of the mortgage agreement and could result in the mortgage note being called due.
Am I guaranteed to receive the loan if I am prequalified for it?
Being prequalified for a loan does not guarantee that you will receive it. Prequalification is an initial assessment based on limited information, and final approval depends on a more detailed review of your financial situation and credit history.
Is it possible to get a mortgage on a second home that includes enough money to pay off the mortgage on the first house?
You could take out a mortgage on a second home to payoff the mortgage on your primary residence if you have sufficient equity. I guess the question would be, why would you want to do that? Generally, you are going to get better terms on a mortgage for an owner occupied residence vs. a 2nd home all else being equal.
Does a mortgage co signer have to be listed as a property owner?
No, a mortgage co-signer does not have to be listed as a property owner. A co-signer is someone who agrees to take on the responsibility of the mortgage loan if the primary borrower defaults, but they do not have to hold legal ownership of the property. However, being a co-signer may impact their credit and financial obligations, so it's important for them to understand their role and responsibilities.
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
If you do a reverse mortgage CAN you rent out your home?
No, you must keep the home as your primary residence, renting out the home is a violation of the mortgage agreement and could result in the mortgage note being called due.
Am I guaranteed to receive the loan if I am prequalified for it?
Being prequalified for a loan does not guarantee that you will receive it. Prequalification is an initial assessment based on limited information, and final approval depends on a more detailed review of your financial situation and credit history.
What was a benefit of being a coastal town in the Arabian peninsula?
The primary benefit of being an Arabian coastal city was that the seas provided fish and other foodstuffs that could help sustain a permanent population center.
Is it possible to get a mortgage on a second home that includes enough money to pay off the mortgage on the first house?
You could take out a mortgage on a second home to payoff the mortgage on your primary residence if you have sufficient equity. I guess the question would be, why would you want to do that? Generally, you are going to get better terms on a mortgage for an owner occupied residence vs. a 2nd home all else being equal.
What is a benefit of being a zoologist?
a benefit of being a zoologist is having paid vacation
What are some benefits to using a second mortgage loan to consolidate bills?
A benefit to taking out a second mortgage loan to consolidate bills would be decreased expenses each month. The second mortgage more than likely would have a lower interest rate than the debts that are being consolidated and therefore would require a lesser amount in which the person would be required to pay out.
What are some of the benefits of solar energy systems?
There are many benefits of solar energy systems, the primary benefit being the savings to the environment when compared to the burning of fossil fuels.
Is a home mortgage covered and paid in a basic home owners insurance in the even of death?
No. To cover mortgage debt an insurance company can write a life insurance policy on the mortgage holder/s. This policy usually is a term life insurance policy that in the event of death pays the balance due on the mortgage at the time of death. The term of the policy would be the length of the mortgage and the policy value decreases as the mortgage is being paid off by the policy holder, eventually expiring at the end of the term along with the mortgage. Since the benefit paid under this type of policy is constantly being reduced, and eventually becomes zero, the premiums are considerably lower than a whole life policy in which a fixed sum is payable on the death of the insured.
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
What is American reverse mortgage?
American reverse mortgage is when you borrow money based on the value of your house. A reverse mortgage has the option of being a lump sum or installments.
What can be distinguished between the primary and secondary sources?
Primary sources are original materials created at the time of the event or historical period being studied, while secondary sources interpret or analyze primary sources. Primary sources offer first-hand accounts of events, while secondary sources provide analysis, interpretation, or commentary on primary sources.
Who benefits the most by the inclusion of a subordination clause in a mortgage?
It depends on what is being subordinated. Generally, the lender. Homestead exemptions are often subordinated to a mortgage and that benefits the lender.It depends on what is being subordinated. Generally, the lender. Homestead exemptions are often subordinated to a mortgage and that benefits the lender.It depends on what is being subordinated. Generally, the lender. Homestead exemptions are often subordinated to a mortgage and that benefits the lender.It depends on what is being subordinated. Generally, the lender. Homestead exemptions are often subordinated to a mortgage and that benefits the lender.
