Question by Matt W: is there any loan from refinancing your mortgage you dont have to pay back?
Best answer:
Answer by Lady J
I’ve never heard of a loan you don’t have to pay back.
Know better? Leave your own answer in the comments!
Question by Matt W: is there any loan from refinancing your mortgage you dont have to pay back?
Best answer:
Answer by Lady J
I’ve never heard of a loan you don’t have to pay back.
Know better? Leave your own answer in the comments!
LOL. You want a loan you don’t have to pay back??? That’s called a gift.
if u r 62 or older u can get a reverse mtg and u don’t have to pay it back-and they cannot throw u out of your home ever- your inheritors pay the bill and can keep the balance. if u sell then u have to pay it back…it is great. you can take a lump sum or write out checks.
No. As the person above said, loans that you don’t have to pay back aren’t loans.
That said, there are some programs out there to take a bite out of buying your first property. Check with your city housing department (or county, if you are buying in unincorporated area)
There are interest-only loans and I have them. But you do have to pay back what you borrow eventually. Even if it is when you sell your house.