Posted on: 06th Jul, 2009 02:32 pm
i will inherit my mothers home with a mortgage, will the bank force me to sell her home, or do i have the option to keep making the mortgage payments
Most banks will allow you to continue to make payments.
you're going to need to qualify for this mortgage first. depending on what the rate of interest is, you may want to refinance to a lower rate and payment considering rates are down. i hope this helps...
HI sheliachapman,
Welcome to our forum.
As far as i know, Bank can't force you to sell house while you making payment for home. So of course bank will permit you to make payments.
I would like to support to erics suggestion.
Thanks & Regards.
gunz.ijjistaff.
________________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
Welcome to our forum.
As far as i know, Bank can't force you to sell house while you making payment for home. So of course bank will permit you to make payments.
I would like to support to erics suggestion.
Thanks & Regards.
gunz.ijjistaff.
________________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
Though bank will not force you to sell home but check your financial condition. I will suggest you to check with bank wheather it will be in benefit of your future prospectus.
Just think and take decesion.
Do not be so emotional.
Just think and take decesion.
Do not be so emotional.
Hi, even i agree that the bank will allow u to keep the house as far as u r paying....but i also think that u should consider annyb's suggestion, y don't u check out about Home mortgage loans n the rates n all so that u r aware of what u r getting urself into.... :wink: