Examples of 'existing mortgage' in a sentence
Meaning of "existing mortgage"
existing mortgage: This phrase refers to a loan secured by a property that is already in place. It indicates that the mortgage has been established and is currently active, as opposed to a new mortgage application or agreement. It may involve ongoing repayments and terms based on the existing loan arrangement
How to use "existing mortgage" in a sentence
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existing mortgage
Pay off an existing mortgage or other debts.
The buying and selling of existing mortgage.
To payoff existing mortgage and eliminate mortgage payments.
New mortgage or refinancing of an existing mortgage.
Be aware that having an existing mortgage does not guarantee a refinance approval.
You want to avoid paying a prepayment penalty on your existing mortgage.
It will eliminate any existing mortgage on your home.
It also includes mortgage statements if the loan is a refinance of an existing mortgage.
Do not have an existing mortgage.
Your existing mortgage needs to be almost paid off or completely paid off.
It can be used to settle existing mortgage.
Transferring an existing mortgage from one home to a new home when you move.
Families with a new or existing mortgage.
Make sure that your existing mortgage does not have any prepayment penalties.
You may request a quote from your existing mortgage lender.
See also
The holders of existing mortgage liens must waive all prepayment penalties and late payment fees.
When refinancing an existing mortgage.
The existing mortgage does not necessarily have to be a VA loan.
For payment of an existing mortgage.
A mortgage loan transaction in which the lender assumes responsibility for an existing mortgage.
The process of transferring an existing mortgage from one financial institution to another.
Homeowners can not get a reverse mortgage if they have an existing mortgage.
A refinance involves breaking your existing mortgage contract in order to get a new mortgage.
The new rules do not apply if you are renewing your existing mortgage.
Paying off the balance of your existing mortgage with a new loan with more favorable terms.
It means applying for a new mortgage that will replace your existing mortgage.
Existing Mortgage Loans can be paid off.
It can also be a substitution of your existing mortgage for a new one.
However, the existing mortgage balance must be paid off at closing.
The latter involves transferring your existing mortgage to your new property.
Unless stated otherwise the vendor should pay for the expenses due to an existing mortgage.
Refinancing involves paying off your existing mortgage and creating a new one.
The following specific lending commitment will also apply to the restructuring of existing mortgage loans.
But refinancings of existing mortgage are expected to decline, he said.
The most expensive option is always to delete the existing mortgage and a new.
When this occurred, any existing mortgage debt had to be paid off first.
The process of re-negotiating the terms and conditions of an existing mortgage.
The transfer of the seller 's existing mortgage to the purchaser.
In this case, the mortgage buyout will simply replace the existing mortgage.
But then they didn't pay off my existing mortgage as they were obligated to.
From a new mortgage lender, which will replace your existing mortgage.
Can I transfer my existing mortgage to my new property?
Be aware, a quitclaim deed does not automatically transfer any existing mortgage obligations.
Refinancing - renegotiating your existing mortgage agreement.
Unlike refinancing, home equity loans are a second loan on top of the existing mortgage.
You are not able to pay your existing mortgage without help ;.
Do not sign a home-sale contract where you are not released from your existing mortgage.
When you refinance, you pay off your existing mortgage and create a new one.
A spokesman said that underlying cause was a dispute with the project 's existing mortgage lender.
Refinances include consumers who renegotiated their existing mortgage for a larger amount.
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