If you have a mortgage and someone on the mortgage loan has bad credit (other than spouse), will that affect your credit?
Someone on your mortgage having bad credit does not affect your credit. It would only affect the rate you might get if you tried to refinance the mortgage with them still included on it.
Answered
by Diane L.
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How do I calculate monthly mortgage payments?
The calculations can be complex. But, you can find calculator...
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Which type of mortgage loan features rates that change periodically with market conditions?
An adjustable-rate mortgage (ARM) is a loan with an interest ...
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What are the payments on a 600,000 mortgage at 5 % interest for 30 years?
Monthly payments on a $600,000 mortgage with 5% interest rate...
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How can I get a mortgage with a poor credit rating?
With the current financial mortgage crisis, it is extremely d...
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Debt-to-income ratio, which breaks down to front end ratio (h...
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What is the average monthly payment for a mortgage?
The average monthly payment for a mortgage is $600. The word ...
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Debt-to-income ratio, which breaks down to front end ratio (h...
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What are the payments on a 600,000 mortgage at 5 % interest for 30 years?
Monthly payments on a $600,000 mortgage with 5% interest rate...
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What is a mortgage used to purchase?
A mortgage is a type of loan used to purchase property. In or...
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What is an adjustable rate mortgage?
Adjustable rate mortgage (ARM)a mortgage whose interest rate ...
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How do I calculate monthly mortgage payments?
The calculations can be complex. But, you can find calculator...
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What are the payments on a 600,000 mortgage at 5 % interest for 30 years?
Monthly payments on a $600,000 mortgage with 5% interest rate...
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What is the mortgage of a *2,000,000 home?
The monthly payment on a $ 2,000,000 mortgage, at a 5.750% ra...
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In the US: 1. The $8,000/$6,500 tax credit that recently expi...
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How much would monthly payments be on 180,000 dollar 30 year mortgage at 5. for percent?
The monthly payment of a $180,000 loan for 30 years at 5% wou...
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What is the number for a sub prime mortgage lender?
Independent Mortgage Co located at 10430 New York Avenue, Urb...
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A reverse mortgage is a special type of home loan that lets a...
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What is the definition of fixed rate mortgage?
Fixed-rate mortgage is a home loan in which the interest rate...
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What does it mean to mortgage a house?
To mortgage a farm means to basically sell the mortgage back ...
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What is the biggest mortgage company was founded in 1938?
Fannie Mae, the largest source of home mortgage funding in th...
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A reverse mortgage is a special type of home loan that lets a...
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How does reverse compounding work for a mortgage?
Reverse compounding is when you pay extra on your mortgage ea...
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Is mortgage an example of monetary policy?
A mortgage is an example of monetary policy. Supply of money,...
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What is the definition of fixed rate mortgage?
Fixed-rate mortgage is a home loan in which the interest rate...
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What is the most common length and APR for a mortgage?
The most common mortgage terms are 15 years and 30 years. 5.5...
About Mortgage
A mortgage is a loan that is secured by a property/house and is paid in installments over a set period of time. For buying homes, mortgage loans are used almost always around the world, only in rare cases are cash or other forms of credit used for payment. The word mortgage comes from a Law French term meaning ''dead pledge.'' This means the pledge ends when the obligation is fulfilled, or the property is taken through foreclosure.
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