Sentences with «sufficient equity in the property»
The lender wants to make sure that if the borrower defaults, there will be sufficient equity in the property over and above the amount of the loan. (glassridge.com)
Cash - Out Refinances may allow a borrower with sufficient equity in their property to refinance their mortgage for more than is currently owed and pocket the difference. (onqfinancial.com)
This can only be done if there is sufficient equity in the property, as determined by an appraisal. (fhaloanpros.com)