Category: Mortgage
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What is an Allocated Waiver from a Mortgage Company: Simplifying Complex Mortgage Jargon
When it comes to the world of mortgages, some numerous terms and concepts may seem confusing at first. One such term is an “Allocated Waiver.” In this article, we will explain what an Allocated Waiver is and why it is an important consideration for homeowners. Understanding the Basics An Allocated Waiver, also known as a…
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Name on Title of House But Not on Mortgage: Avoiding Legal Pitfalls
When it comes to purchasing a home, there are several key terms that you should understand. Two important concepts are the title and the mortgage. It is not uncommon for the name on the house title to be different from the name on the mortgage. In this article, we will explore the reasons why someone…
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How to Find Out If Property Has a Mortgage: 5 Proven Ways
Are you considering buying a property or just curious about the financial status of a house? Knowing whether a property has a mortgage can provide valuable information that can influence your decision-making process. In this article, we will explore some essential methods to help you find out if a property has a mortgage or not.…
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Name on Deed But Not Mortgage: Pros and Cons of This Arrangement
Being named on a deed but not a mortgage can have both advantages and disadvantages. Whether you’re planning to buy a property with someone else or considering adding a family member’s name to the deed of your existing property, it’s essential to understand the implications and responsibilities related to such an arrangement. Understanding the Difference…
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My Name is on the Deed But Not the Mortgage: Understanding Ownership and Financial Responsibility
Have you ever found yourself in a situation where your name is on the deed of a property, but you are not listed on the mortgage? It can create confusion and raise many questions about your rights and responsibilities. In this article, we will explore what it means to be on the deed but not…
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I Paid off My Mortgage: Unlocking the Deed to Ownership
So, you’ve finally made that last mortgage payment! Congratulations on paying off your mortgage. It’s an incredible achievement and a cause for celebration. While you may be eager to receive something tangible to mark this significant milestone, you may be wondering: Do I Get a Deed When I Pay off My Mortgage? As a homeowner…
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Can I Change My Mortgage Loan Servicer? Discover the Power of Flexibility and Control!
Can I Change My Mortgage Loan Servicer Changing your mortgage loan servicer is indeed a common concern among homeowners. Many people wonder whether it is possible to change the company that handles their mortgage payments and other related services. Fortunately, the answer is yes, it is possible to change your mortgage loan servicer. However, there…
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Co Owner Not Paying Mortgage: Troubleshooting Guide for Joint Property Owners
What to Do When Your Co-Owner is Not Paying Mortgage? – A Complete Guide Discovering that your co-owner is not contributing to the mortgage can be stressful and overwhelming. It’s a financial burden that directly affects your property and could lead to serious consequences. In this comprehensive guide, we will explore the various steps you…
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Can You Have Multiple Mortgages on the Same Property? Discover the Power of Property Ownership!
Sure, I’d be happy to help with that! Here’s a 1000-word article on the topic: Can You Have Multiple Mortgages on the Same Property Owning multiple properties can be a great way to build wealth and increase your passive income. But can you have multiple mortgages on the same property? In short, the answer is…
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Can You Take Over Your Parents Mortgage : Ultimate Guide for Success
Yes, it is possible to take over your parents’ mortgage. Let’s explore the process and factors involved in assuming the mortgage of your parents’ property. The mortgage on your parents’ home can be transferred to you if the lender approves the assumption and you meet their underwriting requirements. It typically involves applying with the lender…