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Not really, it depends on the laws where you live. If not married, emancipated or the court not agreeing with your wishes it means you can not decide. Some states offer a chance to early emancipation at 16 with hard requirements to pass. To marry as a minor you need parental consent. In some states the court will listen to your wish regarding what parent to live with during a divorce when you are around 16.
What else can I help you with?
How do you assume someones existing home loan?
First, contact the owner of the mortgage. If you are interested in the property and want to assume the seller's mortgage, the person who has the mortgage must contact his/her mortgage loan servicer. That person will tell the mortgage loan servicer that a certain party is interested in assuming the loan. The servicer will then allow the interested party to contact them. The servicer, for example Wells Fargo, Citi, etc will send an assumption package to the interested party. It will usually involve a credit check and application to insure that the person that wants to take over the mortgage can qualify to make the payments. The mortgage loan servicer will then underwrite the application to the appropriate loan guidelines and ,if approved, then both parties would close the real estate contract. The buyer would assume the mortgage and the seller would be released of liability by the mortgage loan servicer.
Can a civilian assume a mortgage of a VA property?
Yes, a civilian can assume a mortgage of a Virginia property. In order to get a loan for a property in Virginia, the person must have a credit check completed. If they have good credit, their chances of being approved for the loan are higher. If they have bad credit, the bank or loan officer may ask for the person to have a cosigner.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
How to write Sample letter of intent to assume loan?
How to write a letter to assume a mortgage on house owned by deceased mother.
What is a Open end mortgage loan?
What is a Open end mortgage loan?
How can I pay my mortgage loan on-line?
“How can I pay my mortgage loan on-line?”
Can you get a mortgage loan after chapter7?
Cn you get a mortgage loan for ahome if you filed chapter7?
How do you assume a mortgage?
You can only assume a mortgage if the loan is assumable, and a great many are not. The mortgagor can call their mortgage company and ask for an assumption package which will tell you what is required. True, but, actually a great many mortgages ARE assumable. Everything you need to know and thousands of homes with assumable mortgages are available for search by visiting www.havemyhouse.com
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Does the VA guarantee their mortgage loans?
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.
Loan for 114000 you would like to sale for 130000 you have someone that would like to assume the loan so that they can ge the interest rates but the do not have the difference?
They should be able to get a 2nd mortgage to cover the difference.
What and where to pay a mortgage loan?
A mortgage loan is a loan that is used to either purchase a property or get a loan with your property as collateral. You can secure a mortgage through financial institutes like banks, credit unions or mortgage companies like Fannie Mae.
