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Someone might be looking for a reverse mortgage because the loan doesn't usually need to be paid back until the borrower dies or moves out of their home.

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Q: Why would a person be trying to find a reverse mortgage lender?
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Can a mortgage company in Oklahoma come after a spouse if not on the loan?

Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.


How can one get a mortgage with adverse credit?

The best method of obtaining a mortgage if you are trying to do so under less than ideal circumstances, is to use a mortgage broker. The broker will work with you, and help you to find the best lender for your circumstance. When your mortgage comes up for renewal, then you can repeat this process until you find a mortgage that you are comfortable with.


What problems might one face trying to get a mortgage with bad credit?

If someone has got a bad credit record then they will have difficulty getting a mortgage. This is because the lender would want to be sure the money will come back to him and a bad credit record suggests it might not. Therefore not many lenders will lend and if they do the rates of interest will be higher.


Can you write off mortgage interest if you rent?

I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?


Which mortgage brokers will assist someone with bad credit when trying to obtain a mortgage on their home?

There are several places one can look if one is trying to obtain a mortgage and has bad credit. Mortagedigger, realator, and homeloanlearning center are good places to start.

Related questions

Can you get reverse mortgage if some one has passed away and left you with the mortgage to pay?

A reverse mortgage is generally granted by an elderly homeowner who needs additional income and has equity in their property. Reverse mortgages are not available to anyone and are not used to pay off existing mortgages. The mortgage on your inherited property must be paid or the lender will take possession of the property by foreclosure. Rather than trying to take out another mortgage to pay it off, you should consult with the lender to see if it will allow you to assume the existing mortgage. There may be a provision in the original mortgage that allows heirs to assume the debt. Check the mortgage document.A reverse mortgage is generally granted by an elderly homeowner who needs additional income and has equity in their property. Reverse mortgages are not available to anyone and are not used to pay off existing mortgages. The mortgage on your inherited property must be paid or the lender will take possession of the property by foreclosure. Rather than trying to take out another mortgage to pay it off, you should consult with the lender to see if it will allow you to assume the existing mortgage. There may be a provision in the original mortgage that allows heirs to assume the debt. Check the mortgage document.A reverse mortgage is generally granted by an elderly homeowner who needs additional income and has equity in their property. Reverse mortgages are not available to anyone and are not used to pay off existing mortgages. The mortgage on your inherited property must be paid or the lender will take possession of the property by foreclosure. Rather than trying to take out another mortgage to pay it off, you should consult with the lender to see if it will allow you to assume the existing mortgage. There may be a provision in the original mortgage that allows heirs to assume the debt. Check the mortgage document.A reverse mortgage is generally granted by an elderly homeowner who needs additional income and has equity in their property. Reverse mortgages are not available to anyone and are not used to pay off existing mortgages. The mortgage on your inherited property must be paid or the lender will take possession of the property by foreclosure. Rather than trying to take out another mortgage to pay it off, you should consult with the lender to see if it will allow you to assume the existing mortgage. There may be a provision in the original mortgage that allows heirs to assume the debt. Check the mortgage document.


Can a mortgage company in Oklahoma come after a spouse if not on the loan?

Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.See related question.


How can one get a mortgage with adverse credit?

The best method of obtaining a mortgage if you are trying to do so under less than ideal circumstances, is to use a mortgage broker. The broker will work with you, and help you to find the best lender for your circumstance. When your mortgage comes up for renewal, then you can repeat this process until you find a mortgage that you are comfortable with.


What do you do when the repoman damages your car by trying to get in it?

You contact the lender, if that doesnt work, you contact a local attorney. Sue the lender


What problems might one face trying to get a mortgage with bad credit?

If someone has got a bad credit record then they will have difficulty getting a mortgage. This is because the lender would want to be sure the money will come back to him and a bad credit record suggests it might not. Therefore not many lenders will lend and if they do the rates of interest will be higher.


Can the bank come after me for money if I have forclosed already?

Yes, DEFINITELY, the banks will come after you if you default on the mortgage payments. Even I'm upside down with my current home value but I'm trying to work with my lender where they have agree to reduce my interest rate. Now I'm going to put this house on rent and generate some extra income out of it to pay my mortgage.


Can you write off mortgage interest if you rent?

I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?


Which mortgage brokers will assist someone with bad credit when trying to obtain a mortgage on their home?

There are several places one can look if one is trying to obtain a mortgage and has bad credit. Mortagedigger, realator, and homeloanlearning center are good places to start.


Is it true that you cannot con an honest person?

In general, that's true. Most people are hoping for an unfair advantage, or the unearned, or the not deserved. Sometimes there are honest people who are scammed. Notably, those trying to get their home's refinanced. I've sympathy for someone trying to pay a mortgage and being fooled by a bogus lender. But I've no sympathy for someone hoping to have a Nigerian hide oil money in his personal bank account so he can have a 10% cut of stolen money.


Is the mortgage in Salem high?

I am sorry, but I don't understand your question. Maybe you are trying to ask ""what is the mortgage in Salem High?"" the mortgage varies from 4.917% to 4.665% in Salem High


Where is the mortgage finder and why would someone use it?

You can find the mortgage finder online when you are trying to find out what might be your mortgage for the future and your monthly payments. It is a calculator to help figure out your costs.


Who will give a loan with a 619 creidt score?

With today's mortgage situation it is hard to find a lender that will complete or fund a loan with a fico score of 640 or less. FHA now requires a 640 fico score while conventional home loans require a 660 or above fico score. Your best luck will be to try a lender such as GMAC depending on what area of the country that you are trying to get a home loan for.