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when mortgage terms ends and unable to paid half of debt owed?
margarert
Posts: 3 Newbie
can we take a new mortgage on the balance?
0
Comments
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Subject to certain conditions, yes is the answer. Speak to your lender sooner rather than later.0
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Please don't leave it until the mortgage comes to an end. Try to address it now even if in a small way.I am a Mortgage AdvisorYou should note that this site doesn't check my status as a Mortgage Advisor, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Contact the lender or a broker now! Whether you will be able to take out a new mortgage will depend on the normal borrowing criteria, such as income, age, credit history, existing financial commitments etc.0
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