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You will have to negotiate that with the lender. It may require a new loan on the property.

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Q: How can a contract be changed in a housing loan?
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How have bank mortgage rates changed since the housing bubble has burst?

Since the housing bubble burst, bank mortgage rates and decreased. This makes it more affordable for people to get a loan and be able to purchase a house.


How can you find the amortization of your loan?

when you request a loan, the institution will give you a contract or paperwork of the loan. In the contract of payment, you will find any details regarding the loan: interest, amount, amortization and other the terms.


How do you pay off the car loan of someone else?

There is three ways to do this assuming that you are purchasing the car. You can call the Loan company and ask for the "pay off" amount and pay it in a lump sum or you can assume payments via a contract between you and the loan holder. In this contract you promise to pay the loan on schedule while keeping the loan is their name. This can be risky for them. You can also assume the loan through the loan company. This benefits both of you by getting them off the loan relieving them of liability and it promotes your credit. As far as the title is concerned it can be changed to your name regardless of the name on the loan. If the loan is still active there will remain a lien holder (the loan company) on the title. Y-THINK-Y


What happens when my cosigner doesn't want to be my cosigner anymore?

The contract cannot be changed without refinancing, your cosighner is stuck with it unless the loan is paid off one way or another.


Can someone get a housing loan with poor credit?

Poor credit decreases the chances of getting a housing loan. However, many companies offer assistance to those with poor credit and it is never too late to improve one's credit and improve the chances of getting a housing loan.

Related questions

How can get housing loan in HDMF if they have a calamity loan in HDMF?

what is the requirements for housing loan in HDMF if they have calamity loan in HDMF


How do you as an existing housing loan customer check your housing loan account?

That depends on the bank or other company that issued the loan.


What does a cooperative housing loan offer?

A cooperative housing loan allows one to purchase a cooperative housing plan and pay for for it later. A cooperative housing loan means one is purchasing the project together with another person.


How have bank mortgage rates changed since the housing bubble has burst?

Since the housing bubble burst, bank mortgage rates and decreased. This makes it more affordable for people to get a loan and be able to purchase a house.


How can you find the amortization of your loan?

when you request a loan, the institution will give you a contract or paperwork of the loan. In the contract of payment, you will find any details regarding the loan: interest, amount, amortization and other the terms.


How has housing changed?

They have changed brick work and changed windows


What is a contract that let you rent someone else's possessions?

loan


Can I claim the benefit of housing loan if the property is in my wife name?

Not if the loan is not in your name.


Where can I find a federal loan for housing based on income?

You can go to your local housing authority, and ask them for help in applying for a federal loan. They will tell you if you qualify.


What is different between loan license and contract manufacturing?

The difference between loan licensing and contract manufacturing is that a loan licensing business has the ability to give out loans to their customers. A business that seeks out a contract manufacturer is looking for a company to manufacturer his or her products.


If you cosign an auto loan and the dealer changes the contract and put you on the loan by yourself what can you do?

If you signed the loan documents without reading them and later learned that you were on the loan alone, there is very little you can do. Your should have read before signing. If the loan was changed after you signed the documents, someone must have forged your signature on the altered documents. Then the loan is fraudulent. You may have to involve the police and go to court, however.


What are my rights if a loan I cosigned for isn't paid?

A co-signer is fully legally responsible for the debt of the loan if the other person on the loan fails to pay as per the signed loan contract. All rights and responsibilities are in the contract.