Sentences with phrase «continue making mortgage payments using»

With an assumable mortgage, the buyer will continue making mortgage payments using the 7 % mortgage rate.

Not exact matches

If you have less than $ 22,975 (using federal exemptions) or $ 75,000 (using Wisconsin exemptions) of equity in your home (value of the house — amount owed on all mortgages = equity), and are current on your mortgage payments, you can usually continue to make your mortgage payments and keep your house in a Chapter 7 bankruptcy.

Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.

Most people use the insurance money to pay off the house, pay off a portion of the mortgage amount, or continue to make monthly mortgage payments.

They can use the the smaller death benefit to continue to make mortgage payments until they have another plan in place.