** You must
continue making your mortgage payments when you declare bankruptcy.
Not exact matches
But
make no mistake, low down
payment loans, among other exotic
mortgages, are back and helping to push prices up at a time
when income growth has
continued to lag far behind exponential price gains.
By purchasing a
mortgage insurance product or a life insurance policy, you can effectively plan for the retirement of the
mortgage debt
when you are unable to
continue making payments yourself.
Other benefits include accidental death, which provides benefits
when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium
payments if the insured becomes disabled for more than 6 months and
mortgage payment disability benefit which offers money to
continue making payments if the insured individuals becomes disabled for 60 days or longer.
When a buyer assumes a
mortgage, he will
continue to
make the same monthly
payments at the same interest rate as the seller was doing for the remaining term of the
mortgage.
Divorcing couples become well aware of this fact
when struggling over who will
continue making mortgage payments on their marital residence.