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What else can I help you with?
Is California a non recourse debt state?
California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
Is it possible to mortgage more than the purchase price of a property?
Yes, it is possible to mortgage more than the purchase price of a property through a loan known as a "cash-out refinance." This type of loan allows homeowners to borrow against the equity in their property, potentially exceeding the original purchase price.
Can you get a 5-year mortgage for a new home purchase?
Yes, you can get a 5-year mortgage for a new home purchase.
What are the benefits of pre approved mortgage loans and how can I secure one for my home purchase?
Pre-approved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, and complete the application process.
What are the benefits of preapproved mortgage loans and how can I secure one for my next home purchase?
Preapproved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, complete an application, and wait for approval.
What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
What are the benefits of using a rent to buy purchase plan?
Using a rent to buy purchase plan is beneficial if you do not have a large down payment to purchase a home. Typically, the owner of the home holds the mortgage and one would make monthly payments to them.
Where can you buy mortgage notes?
One can purchase mortgage notes by getting in touch with an agent who specializes in mortgage notes. There are plenty of agents who can assist in the purchase of a mortgage note and advise on the best rates for a note.
What is a purchase money first mortgage?
A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.
What is the minimum mortgage deposit required to purchase a home?
The minimum mortgage deposit required to purchase a home is typically around 5 to 20 of the home's purchase price. This amount can vary depending on the lender and the type of mortgage loan.
What are the benefits of using a home loans calculator?
A home loan calculator will give you an idea of home much your mortgage will be so that you can determine if you can afford to purchase a certain home or not.
How do you purchase the balance of home that had a Reverse Mortgage on it?
First, you must have legal standing to pay off the mortgage. That means you must be the original mortgagor or an heir of the original mortgagor. You must contact the bank that holds the mortgage and pay off all amounts due. Otherwise, if the mortgagor has died and the bank owns the property, you can contact the bank and let it know you are interested in purchasing the property.
