how do i get out of my first mortgage

Hi pontiacdon

You will have to pay off the mortgage dues in order to get out of your first mortgage. If you've taken a mortgage, you are liable to pay it off.

Thanks.

there is no way of "getting out" of your mortgage obligation. you must sell your home and pay off the mortgage or refinance out of your current loan into a loan with a new lender. i hope this helps...

if i cant repay the mortgage dues then will i be able to get new mortgage??
is there any way??????

hi guest,

if you cannot repay the mortgage debts, you won't be able to get a new mortgage. however, if you've have some equity in the property, then you can refinance the loan or take a home equity line of credit. the home equity line of credit will be considered as a second mortgage on your property.

take care.

Pay regular installments or refinace these are possible solutions for your question of get out of first mortgage.

Bye the way I want to know about details about your mortgage.
If you have more queries please let community know so that it will help you. If you can specfically ask queston with all details it will definately benefited to you to solve your problem.

Thanks

you may want to consider loss mitigation if you are unable to afford the current payments.