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Of course it will. Unless granny has life ins that will pay off the loan. He will also need to pay taxes and other utilities.Won't this also make him responsible for making the payments?
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Mortgage rates are high now. I hope they go backdown when we get this country back on trackI think wording on the addition may not hold him liable. But then again if he is the only survivor that would make him owner and liable. Someone will have to pick up the tab for the balance. He might could get it refinanced to a lower payment that he can handle. The mortgage holder would have all the answers as fact.
Yeah I wouldn’t refinance it now. The interest rates are high. He would also have to qualify for the loan by his income.Mortgage rates are high now. I hope they go backdown when we get this country back on track
Cant get the payment much lower then it is now. $337. Taxes are low too. The interest rate is 6.0 and around 12 more years to pay it off.I think wording on the addition may not hold him liable. But then again if he is the only survivor that would make him owner and liable. Someone will have to pick up the tab for the balance. He might could get it refinanced to a lower payment that he can handle. The mortgage holder would have all the answers as fact.
We got a new house, payment is around 720 a monthYeah I wouldn’t refinance it now. The interest rates are high. He would also have to qualify for the loan by his income.