Do you own your house if you have a mortgage? Simply put, yes, you do own your home but your mortgage lender does have interest in the property based on documents signed at closing. ... Deed of Trust this document lists the legal obligations and rights of you and the lender. It also states the lender's right to foreclose on the home if you default on the loan.
Can you take out a mortgage on a house you own? Mortgage Guide A house that is owned free and clear can still be refinanced. ... In a traditional cash-out refin... more