Hi, does anyone know if their are any ways that i can end a mortgage early, I have still got about 17 months left are their anyways i can end it and take out another or do i have to wait?
2006-11-09 05:41:17 · 8 answers · asked by Ln 2 in Business & Finance ➔ Renting & Real Estate
it depends on your contract. Do you have early payment penalty?
You could do it of course. the question is how much will it cost ?
2006-11-09 05:43:10 · answer #1 · answered by toietmoi 6 · 1⤊ 0⤋
If you want to refinance you can just go to another mortgage company, they will pay off your remaining balance on your home and you will then make your payments for that borrowed amount to your new mortgage company. However if you are really on 17 months away from paying off your mortgage it's probably not worth it to refinance. First it might take a few months to do all the paperwork and finalize everything. Second, you will have to pay all sorts of fees on the new loan which will probably end up being worth a few months payment anyway.
2006-11-09 13:45:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can end it very easily. I would suggest you go to an Independant Financial Advisor. Speak to friends and family, or employers - someone will be able to recommend one. Otherwise, speak to your bank.
They will be able to gget you the best deal for your circumstances. Most will not charge for a consultation. Perhaps see a few? With only 17 months to ggo on your mortgage ask if it is in your interest to settle or remortgage at all? A savvy borrower will remortggage every couple of years to gget the best rate and deal but your situation is different as you have nearly finished.
2006-11-09 18:15:22 · answer #3 · answered by Bethanie L 1 · 0⤊ 0⤋
Do you mean you want to pay off your mortgage or you want to refinance by taking some cash from your property..? If you want to know more then leave you home phone number and I'll call you, i work for a mortgage firm, you can solve your queries and i can get a sale....:D
2006-11-09 13:50:16 · answer #4 · answered by Matt 1 · 0⤊ 1⤋
Pay off the remaining balance. You can also refinance and take cash out, your current loan will be paid off as part of the transaction.
2006-11-09 14:15:05 · answer #5 · answered by Justin 3 · 0⤊ 0⤋
Greetings!
you can pay it off, or pay it off through a refinance arrangement with another lender.
it is really quite simple.
2006-11-09 13:42:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Its ba contract, you have to settle what you agreed on or re-fi
2006-11-09 13:42:57 · answer #7 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋
you are a disgrace. if you have a agrement you should stick with it. people like you give the rest of us a bad name. you make me sick
2006-11-09 13:43:26 · answer #8 · answered by Anonymous · 1⤊ 2⤋