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Lenders can require a variety of conditions such as:
- that you live on the property
- that you pay your property taxes to the lender so it can make certain they are paid
- that you not make changes to the title without notifying the lender
- that if you breach your agreement the lender can accelerate the loan payment
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Can you have 2 mortgage loans through same mortgage company?
Yes. Your mortgage company may hold your first (or primary) mortgage as well as a second which may be represented as a home equity loan or a home equity line of credit.
Will the mortgage company offer to reduce your mortgage due to the mortgage crisis?
Some banks will - the best thing to do is call your mortgage company and see what they are offering. Banks make more money by keeping you in your house and paying your mortgage, so you may be able to refinance or renegotiate the terms of your mortgage.
How does a Joint venture between a real estate company and mortgage company work?
A joint venture can take different forms depending on the agreement between the parties. A business arrangement between a mortgage company and a real estate company may simply consist of the real estate company referring all its buyers to the mortgage company for financing.
How can you find out if your mortgage is insured by fannie may or Freddie mac?
FNMA & FHLMC are not insurers they buy mortgages in the secondary market. FNMA & FHLMC can "own" your mortgage but your mortgage would be insured by a "Private Mortgage Insurance" (PMI) Company.
What are the different types of Contingent Liabilities?
Common types of contingent liabilities include guarantees and the results of legal disputes. Guarantees may be given on behalf of an associate company, or as part of a larger deal (banks frequently give guarantees of various sorts as part of their business).
Can you have 2 mortgage loans through same mortgage company?
Yes. Your mortgage company may hold your first (or primary) mortgage as well as a second which may be represented as a home equity loan or a home equity line of credit.
How much would E and O insurance be per month for a mortgage company?
It may start 1% per month for a mortgage company
Will the mortgage company offer to reduce your mortgage due to the mortgage crisis?
Some banks will - the best thing to do is call your mortgage company and see what they are offering. Banks make more money by keeping you in your house and paying your mortgage, so you may be able to refinance or renegotiate the terms of your mortgage.
Why might someone require the services provided by a mortgage company?
You may be trying to get your first mortgage on your first home, or you may be looking to refinance your existing mortgage at a better interest rate.
Could someone get remortgage on your guarantee?
It may be possible but understand if they fail to service their mortgage, the mortgage company will come after YOU not them.
21st Mortgage Company is a Tennessee mortgage company and their web page says they do not offer financing in Massachusetts so how did they end up with my home mortgage?
The may have acquired your mortgage through an assignment from an affiliate. Also, they may be a servicing agent for the original lender. You can check the local land records to determine if an assignment of mortgage was recorded.
How does a Joint venture between a real estate company and mortgage company work?
A joint venture can take different forms depending on the agreement between the parties. A business arrangement between a mortgage company and a real estate company may simply consist of the real estate company referring all its buyers to the mortgage company for financing.
In Georgia how can you get a mortgage holder to divide a tract after a divorce?
Consult with your attorney and have them work with mortgage company. There may be additional requirements, like subdividing the tract, creating legal descriptions, etc.... A mortgage company may not be too happy letting one party off the mortgage when both are responsible now. An attorney can handle all of this for you.
Is there another way to re-negociate your mortgage if your mortgage co will not?
Visit the Neighborhood Assistance Corp of America at the link below.They may be able to help you negotiate with your mortgage company.
What is the best way to find out who actually owns your mortgage?
If you are paying a service company, ask them. It may be that there is no simple answer (e.g., your mortgage was bundled and sold to investors as part of a mortgage bond). If you are looking to do a loan modification, ask for the company's loss mitigation department.
How can you find out if your mortgage is insured by fannie may or Freddie mac?
FNMA & FHLMC are not insurers they buy mortgages in the secondary market. FNMA & FHLMC can "own" your mortgage but your mortgage would be insured by a "Private Mortgage Insurance" (PMI) Company.
What are the different types of Contingent Liabilities?
Common types of contingent liabilities include guarantees and the results of legal disputes. Guarantees may be given on behalf of an associate company, or as part of a larger deal (banks frequently give guarantees of various sorts as part of their business).
