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What does holding a mortgage mean and what are the responsibilities associated with it?
Holding a mortgage means that you have borrowed money from a lender to buy a property, and you have agreed to repay the loan over a set period of time with interest. The responsibilities associated with holding a mortgage include making regular payments on time, maintaining the property, paying property taxes and insurance, and informing the lender of any changes in your financial situation. Failure to meet these responsibilities can result in foreclosure, where the lender takes possession of the property.
What else can I help you with?
What does associated mean on a mortgage?
Associated in the mortgage world most likely will mean a person or thing connected with something else. A good example is the the trustee is associated to the beneficiary of the the note. The association of the trustee and beneficiary should always be separate and independent as to insure a fiduciary duty to the client in event of a foreclosure. If you need to know more please email me at andrew@parkermcqueen.com
What does the term "adjunct professor" mean and what are the responsibilities associated with this role?
An adjunct professor is a part-time instructor at a college or university who is typically hired on a temporary or contract basis. Their responsibilities include teaching courses, grading assignments, holding office hours for student consultations, and contributing to the academic community through research or other scholarly activities.
If your mortgage has a two year clause does this mean you have to wait until then to refinance?
If I understand your situation, you mean your mortgage has a two year clause in the sense that it can't be discharged or "forgiven" in that time frame? If I were you, I would call a customer service representative with the bank that's holding this mortgage and ask them. It's hard to answer this question without looking at the particulars of your mortgage. Good luck.
What does it mean to be an adjunct professor and what are the responsibilities associated with this role?
An adjunct professor is a part-time faculty member who teaches courses at a college or university. Their responsibilities include teaching classes, grading assignments, holding office hours for student consultation, and staying current in their field of expertise. Adjunct professors are typically not eligible for tenure and may not have benefits or job security.
What is the term mortgage offset mean?
The term mortgage offset mean a flexible type of mortgage that allows one to reduce their rates and balance on loans and mortgage debts. This type of mortgage is uses more commonly in England.
What does LP mean in the mortgage industry?
What does LP menas in mortgage terms
What does the term "adjunct professor" mean and what are the responsibilities typically associated with this role?
An adjunct professor is a part-time faculty member at a college or university who teaches courses on a contract basis. They are usually hired to teach specific classes and are not full-time employees. Responsibilities typically include teaching classes, grading assignments, holding office hours for student consultations, and contributing to the academic community through research or other scholarly activities.
What is and underlying mortgage?
what does it mean when the mortgage company says they must read the underlying of the mortgage? I do not quit understand what that means.
What does it mean if your name is on the deed but not the mortgage?
If your name is on the deed but not the mortgage, it means you own the property but are not responsible for the mortgage payments.
What does citiznship mean?
Citizenship is the status of being a member of a particular country, with associated rights and responsibilities. It typically involves identifying with a nation, participating in its civic life, and obeying its laws.
Can a mortgage be based on an unenforceable contract?
A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
What does the term freedom mortgage mean?
Freedom Mortgage is not a just a term, but is actually a mortgage company. Freedom Mortgage Corporation is a private full-service mortgage lender that is licensed in all 50 states.
