Sentences with phrase «original mortgage on the house»

I called on a whim because you had placed my original mortgage on this house.

I called on a whim because you had placed my original mortgage on this house.

Not exact matches

You take over the original mortgage and create a 2nd mortgage on the remaining cost of the house with the seller.

You take over the original mortgage and get a second mortgage on the remaining cost of the house with the seller.

You take over the original mortgage and get a 2nd mortgage on the remaining cost of the house with the seller.

You take over the original mortgage and make a second mortgage on the remaining cost of the house with the seller.

You take over the original mortgage and create a second mortgage on the remaining cost of the house with the seller.

This is advisable only if you have paid more that half of your mortgage or you have made improvements on the house and the current value is higher than that considered for the original loan.

You should also find out how much you still owe on your original mortgage, and what your house is worth in the current market.

On the other hand, with a traditional mortgage, the retiree could relocate and keep the original house as rental or investment property, while the reverse mortgage would require a payoff in such a scenario (as the retiree would cease to use the properly as a primary residence, one of the key requirements for keeping a reverse mortgage in place).