What does the grill "is the mortgage or home loan secured on your home" niggardly?
this is a question on a form i am filling within and i dont understand the question
Answers:
oh ok .. i got this for you...
better check it out, im pretty sure you'll discover something...
http://www.home-loan-made-ez.com/
It means that if you don't pay or are unqualified to pay off the loan he company can embezzle your house away from you and use that as payment!
It means will you lose the home if you do not take-home pay the debt. Some times people will get loans to buy a house from domestic or friends that are towards buying the house, but are not secured by the house.
its finances if you dont pay it will the bank appropriate your house away?
It means that if you founder to keep up repayments then the lender have the right to repossess your house. It's basically the lenders insurance policy that guarantees them something back if you stop paying.
If you dont keep up repayments then they can hold your home off of you.
Well it money that if the mortgage or home loan you took out, Is it secured on your home.
Meaning that if you had problems paying and got into so much arrears that they would nick your home from you.
Is the property pledged as support for the loan; can the lender foreclose on the property if you don't make the payments.
99.9% yes.
It means thy are safe within lending money .IF YOU DEFAULT on you payments thy will sell your home too go and get their money back if the sale doesn't bring contained by enough then you are still surrounded by debt
It method do you have a mortgage or loan which has your home as indemnity, ie if you failed to repay the loan, would the lender be able to reposess your home?
Related Questions:
Do mortgage loan companies check your employment again until that time closing?
I am planning on leaving my job for another after the 13 of July but we are within the middle of buying a home and I don't want to give the mortgage loan officers a judgment to question if we can afford...
Answers:
oh ok .. i got this for you...
better check it out, im pretty sure you'll discover something...
http://www.home-loan-made-ez.com/
It means that if you don't pay or are unqualified to pay off the loan he company can embezzle your house away from you and use that as payment!
It means will you lose the home if you do not take-home pay the debt. Some times people will get loans to buy a house from domestic or friends that are towards buying the house, but are not secured by the house.
its finances if you dont pay it will the bank appropriate your house away?
It means that if you founder to keep up repayments then the lender have the right to repossess your house. It's basically the lenders insurance policy that guarantees them something back if you stop paying.
If you dont keep up repayments then they can hold your home off of you.
Well it money that if the mortgage or home loan you took out, Is it secured on your home.
Meaning that if you had problems paying and got into so much arrears that they would nick your home from you.
Is the property pledged as support for the loan; can the lender foreclose on the property if you don't make the payments.
99.9% yes.
It means thy are safe within lending money .IF YOU DEFAULT on you payments thy will sell your home too go and get their money back if the sale doesn't bring contained by enough then you are still surrounded by debt
It method do you have a mortgage or loan which has your home as indemnity, ie if you failed to repay the loan, would the lender be able to reposess your home?
Related Questions:
Do mortgage loan companies check your employment again until that time closing?
I am planning on leaving my job for another after the 13 of July but we are within the middle of buying a home and I don't want to give the mortgage loan officers a judgment to question if we can afford...