How do i get a mortgage
How do you get a joint credit card?
Until the mortgage loan is refinanced or sold, both parties who signed the documents and were approved for the loan are equally responsible for making payments per the mortgage terms, according to Mortgage News Daily. Regardless of who is living in the home, both parties are subject to collection efforts if the payment terms are not adhered to, including negative credit reporting, wage garnishments, lawsuits and tax liens in both names.
How can you get your name removed as co-signer on a mortgage?
Some mortgage loans will have a co-signer release option, but most mortgages cannot release a co-signer unless the original borrower refinances the loan. However, a co-signer release option can be requested at the signing.
How do you get a
mortgage with bad credit?
Potential home buyers with bad credit can obtain FHA loans, which are mortgage loans through private lenders that are insured by the Federal Housing Administration. Individuals with poor credit may also benefit from the FHA's Back To Work program, which helps people with credit that has been damaged through no fault of their own to attain a home loan more quickly after a period of unemployment.
How do you get a second mortgage on a home?
To obtain a second mortgage on a home, apply for the loan at any lender that offers mortgages. The amount you qualify for depends on how much equity you have in your home, the loan-to-value ratio, which is the percentage of the property mortgaged and your credit score.
How do you get a mortgage loan?Source: www.ask.com