0
What else can I help you with?
Does a co-signer on a home need to live in the house?
No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.
What is the required timeframe for mortgage lenders to retain files for paid off mortgage loans?
The timeframe for which a mortgage lender is required to retain files for a paid off mortgage loan depends on the state that the lender is in. Each state has their own laws regarding mortgages.
Is preapproval required for a mortgage?
Preapproval is not required for a mortgage, but it can be beneficial for homebuyers to have a preapproval letter from a lender before starting the homebuying process.
Which is not usually required by the lender when you apply for a home mortgage?
Renters Insurance.
Is the lender required to sign the satisfaction of mortgage before they get the money?
Of course!
What is the minimum deposit required for a mortgage?
The minimum deposit required for a mortgage is typically around 3 to 20 of the home's purchase price, depending on the lender and the type of mortgage.
When purchasing a home or condo in Florida are you required to get life insurance if it's financed through a bank?
Your lender may require insurance to insure that in case of your death, the mortgage is paid. Your lender can explain this requirement to you given your specific situation.
Is a property inspection required when a mortgage note is passed sold to another lender?
No.No.No.No.
How do you know if you have mortgage insurance?
You know you have mortgage insurance if you were required to purchase it when you got your mortgage. It is typically included in your monthly mortgage payment and protects the lender in case you default on the loan.
What if you want to change the property of a mortgage loan?
You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.
Is homeowners hazard insurance required on all mortgage loans?
Yes, homeowners hazard insurance is typically required on all mortgage loans to protect the lender's investment in the property.
How do you modify mortgage?
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
