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One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.

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Q: How can one buy a house with no mortgage?
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Related questions

How do you buy a second house and get a 2nd residential mortgage when you already have a mortgage on your first house?

Sexytime with banker.


Can you get a mortgage to buy two houses that are on one deed?

Depending on the bank lender used to secure a mortgage, it is possible to buy two houses that are on one deed. It can depend on whether each house is deeded separately.


What is a loan to buy a house called?

A mortgage Rose


How does mortgage help someone buy a house?

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What are some benefits of interest mortgage loans?

There are plenty of benefits of interest mortgage loans. However, the first thing is that one is able to have enough money for the house one want to buy.


How can one get a buy to let mortgage?

There are many places where one could get a buy to let mortgage. One can get a buy to let mortgage at popular on the web sources such as Money Super Market and Halifax.


Where can one find information about mortgage leads while looking to buy a house?

There are many places a person can look to find information about mortgage leads while looking to buy a house. The site mortgageleads is an excellent place for someone to look. Also, checking the newspaper a person can find mortgage brokers and call them for information.


Can two people take out a mortgage loan to buy a house?

yes.


How can one buy a house with bad credit?

If one has bad credit then one can only buy a house if one can convince the mortgage lender that one is able to pay for it. This might need proof that one is paying off any debt and clearing the bad credit record efficiently.


If a couple with excellent credit and no debt wants to sell their condo and buy a house is it possible to get a mortgage right now if one person started freelancing just over a year ago?

The only person who can answer your question is your mortgage lender. If you are debt free, and if the equity in your condominium will give you enough cash for a qualifying down payment, and the house you want to buy requires a mortgage that you can afford, you may be able to obtain a mortgage.


How old should you be to buy a house?

It depends how you want to buy it. If you've been left a lump sum and want to buy the house outright for cash - 16. If you need a mortgage - you cannot legally sign a contract for the mortgage unless you're at least 18.


How will the current bank rate affect the terms of my mortgage?

The current bank rate is one factor to how much interest you will pay on your mortgage. If the rate is very high, your interest will also higher, limiting how much you can take out in a mortgage and what house you can buy.