No, it is not possible to transfer a mortgage. It is specific to a piece of property. But most lenders will work with you to create a new one for the new property with the resolution of the previous one.
Yes, it is possible to tear down and rebuild a house with a mortgage. This process is known as a construction loan, where the mortgage is used to finance the construction of the new home.
You can re-mortgage a house with your local bank or at another financial institution. You must go in to the bank and apply for a re-mortgage at any local branch.
No. If there are no mortgage requirements that you carry insurance then it is completely up to the home owner.
No.
The purpose of a home improvement mortgage loan is to borrow money against the value of a house in order to carry out improvement work. Typically, this would be intended to increase the value of the house.
No, if you own a house outright with no mortgage, you do not have to pay a mortgage on it.
In most cases, it is not possible for someone to get a house at the age of 16 because they are typically not legally able to enter into contracts or secure a mortgage.
Yes, it is possible to change jobs after purchasing a house. Changing jobs does not typically affect your ability to keep your house, as long as you can continue to make your mortgage payments.
The lender is not going to allow that. They may allow you to replace one mortage with another. But the mortgage is tied to a specific piece of real estate.
No, the estate is responsible for the mortgage. This sounds like a case for getting the estate set up and get the house sold as quickly as possible.
The best way to remortgage your house is to pay back the first mortgage as soon as possible. If this isn't possible, then do your best to take out a loan to pay off the rest.
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.