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Can I Split My Land If I Have A Mortgage?

If you have a mortgage on your property, you may be wondering if you can still split the land. The answer is yes, you can still split your land even if you have a mortgage. However, there are a few things you need to keep in mind. First, you will need to check with your … Read more

Do I Need My Spouse’s Signature on a Mortgage in Florida?

When buying a home in Florida, you may be wondering if your spouse needs to sign the mortgage agreement. In most cases, the spouse does not need to sign the mortgage agreement. However, there are a few instances where the spouse’s signature is required. If you are buying a home with your spouse, both of … Read more

Do you need a down payment when porting a mortgage?

If you are looking to port your mortgage, you may be wondering if you will need to provide a down payment. The answer to this question depends on several factors, including the terms of your current mortgage and the terms of the new mortgage you are looking to obtain. In many cases, you will not … Read more

Does a bonus count as salary for a mortgage?

When you’re looking to buy a home, one of the first things you need to consider is whether to take out a mortgage. There are pros and cons to taking out a mortgage, and it’s important to weigh them both before making a decision. On the plus side, a mortgage can be a good way … Read more

Understanding the Relationship Between Mortgage Rates and Fed Rate Hikes

The Federal Reserve increased the benchmark federal funds rate by a quarter point (.25%) yesterday. As a result, some may have expected consumer mortgage rates to also rise by 25%. Advertisement The Fed’s action would cause the 30-year fixed rate, which is currently priced at 6.75%, to increase to 7.00%. However, the opposite happened. The … Read more

Does having an overdraft affect getting a mortgage?

An overdraft is a facility that allows you to withdraw money from your account even if you don’t have enough funds to cover the transaction. This can be helpful in an emergency, but it’s important to remember that overdrafts are a form of borrowing, and they can come with fees and interest charges. If you’re … Read more

How a Divorce Can Affect a Reverse Mortgage?

Reverse mortgages are a type of mortgage that allows consumers to borrow money against their home equity in order to purchase a property or to improve their home. When a marriage ends, the reverse mortgage borrower may no longer be able to qualify for a reverse mortgage because the home equity loan may have been … Read more

How does porting a mortgage work?

Mortgages can be ported from one lender to another, depending on the terms and conditions of the mortgage. A mortgage port can be a quick and easy way to switch lenders, and can often be done online. Recommended: How Long Of A Mortgage Did Lillie Take Out? How long does it take to do a … Read more

How long does it take to do a reverse mortgage?

A reverse mortgage is a loan that allows homeowners to borrow against the equity in their home without having to sell it. The loan is repaid once the home is sold or the borrower moves out. How long it takes to get a reverse mortgage depends on the lender you choose and the state you … Read more

How Long Of A Mortgage Did Lillie Take Out?

Many people take out a mortgage for a specific period of time, such as 5, 10, or 20 years. Lillie decided to take out a mortgage for 30 years. This will allow her to pay off her mortgage quickly and save a lot of money in the long run. Lillie took out a mortgage for … Read more