Mortgage Impacts

An oil and gas lease can have a significant impact on your property value and mortgage. Make sure you talk with your bank about the potential risks before signing a lease – and check the terms of your homeowners insurance as well. This is just another reason to consult with a lawyer before even considering a lease, no matter how attractive a signing bonus might be.

Important questions to ask either a lawyer, mortgage officer or bank about the impact of leasing on your mortgage:

  • Will your property be devalued?
  • Is your home insurance tied to value?
  • How does this impact your ability to refinance or sell your property?

There are some great resources available to learn about mortgage and other property value concerns;

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