Sentences with phrase «additional mortgages secured»
Additional mortgages secured against the property are «secondary» to the first mortgage.
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An additional mortgage secured by the home.
An additional mortgage secured by the home.
Not exact matches
And even if you do, do you know that there's not additional debt in the form of a second mortgage or secured line of credit over and above?
If you choose to reaffirm your secured debts in bankruptcy, you can continue making your mortgage payments, giving you an additional source of on - time payment history data.
You may have additional rights if your loan is used to buy a home (but not for the initial construction of your home, or for a temporary loan of 12 months or less), a home equity loan, a second mortgage, or a refinance secured by your principal residence and if:
They might even secure a lower mortgage rate at the same time, which brings additional money - saving benefits.
(20:18)-- Email Question # 1: If my home goes under water after I secure a reverse mortgage, will I or my children have to pay for the additional debt?
If you want to discharge your collateral charge mortgage, your current lender can require you to repay any additional funds that had been secured by the charge, such as car loans.
Securing the best mortgage refinance rate may not be beneficial to a homeowner if these additional fees are excessive.
Homeowners may take out additional loans that, while also secured by the property, have lower priority than the first mortgage.
To secure a better score and qualify for a mortgage, you'll want to add additional accounts.
Even if you already have a mortgage on your home, the available equity on your property can be used to secure an additional loan with great terms: a home equity loan can provide you with significant amounts of money, a low interest rate and very flexible repayment programs.
However, after securing $ 15 million in additional financing, Better Mortgage has been able to improve its lending process and offer competitive rates in more states.
The features promised in the TV commercials include: «A reverse mortgage is a safe government insured loan, allows borrowers to remain in their home for life, no mortgage payments, create a stable secure retirement, provide additional income, a better quality of life.
Wisniewski's parents pitched in $ 5,000, and he secured additional financing through ONE Mortgage, a program offered by the Massachusetts Housing Partnership for first - time home buyers.
This is where you already have a first charge mortgage with one lender and take out additional secured lending with a different lender on the same property.
Namely, that a reverse mortgage can be accessed from age 62 or older, when many retirees need access to additional funds to secure their quality of life, and that these home loans can eradicate the monthly payment of the original mortgage (because they are not paid until after you die), freeing up further cash flow.
The preferred equity Pembrook provided will serve as additional financing to a $ 32.1 million first mortgage construction loan that the borrower has secured from another lender.
They might even secure a lower mortgage rate at the same time, which brings additional money - saving benefits.
Assuming top Professionals save their clients approximately an extra 3 % over the average professional, are able to provide ancillary services at discounted costs and assist in securing mortgages at the lowest possible rates, it has been proven Top Professionals can save an additional 2 % of the sale price.
Description: This is a sample of a completed Closing Disclosure for a refinance transaction in which the consumer must pay additional funds to satisfy the existing mortgage loan securing the property and other existing debt to consummate the transaction.
There are several additional steps — including legislative proposals — that could immediately work to further strengthen the housing market and ensure that the middle class can secure affordable mortgages, refinance their loans at today's low rates, and build housing wealth while ensuring that no communities or homeowners are left behind by the housing recovery.