Sentences with phrase «to continue making mortgage payments»

It is emotionally difficult for someone to continue making mortgage payments on an underwater house.

If you can meet the higher standards of a 5 - year fixed term, federal regulators believe that you'll also be able to continue making your mortgage payments if rates suddenly rise.

If you can continue making your mortgage payments then nothing happens.

Most clients understand that they will have to continue making their mortgage payments if they want to keep their home, but not all do.

But if the risks of reaffirming outweigh those benefits, you might decide to simply continue making your mortgage payments without reaffirming the debt.

FHA guidelines require mortgage lenders to gather financial information and details about your situation; this helps lenders with identifying solutions appropriate to your situation and ability continue making mortgage payments.

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

** You must continue making your mortgage payments when you declare bankruptcy.

A: During a divorce proceeding the sole income earner will have to continue making the mortgage payments as he or she has done during the marriage.

Life insurance can help those you leave behind continue making mortgage payments, afford college tuition at the University of Arizona, and avoid the financial burden of your burial expenses.

Divorcing couples become well aware of this fact when struggling over who will continue making mortgage payments on their marital residence.

They can simply stay put, continue making their mortgage payments, and hope that their property values rise again in the future.

If you choose to reaffirm your secured debts in bankruptcy, you can continue making your mortgage payments, giving you an additional source of on - time payment history data.

If your intentions are to keep your home when filing a Chapter 7 then you MUST continue making your mortgage payments.

After much deliberation, I decide not to pay my credit card debt so I can continue making my mortgage payments.

Besides eligibility, the next most important consideration in deciding which kind of bankruptcy to file for is the amount of equity you have in your home and whether you intend to continue making mortgage payments.

Homes often are underwater because the homeowner is unable to continue making mortgage payments.

Unfortunately, that doesn't mean they will necessarily have the capability to continue making mortgage payments.

The borrower, usually the homeowner living in the house, is unable or unwilling to continue making mortgage payments.

Would they still be able to continue making mortgage payments and remain in the home, or would they be forced to move out and live elsewhere due to the financial circumstances that the loss of your income would cause?

She could continue making mortgage payments, or pay off the house entirely, and she won't need to access money designated for retirement.

In October 2001, the Owners contacted the Broker and informed him that they did not have any money to continue making mortgage payments.

Can you continue making the mortgage payments on one salary?

For these people, even those who could afford to continue making mortgage payments, walking away from such a scenario may seem like a viable option.