Sentences with phrase «low appraised value of the property»

Low appraised value of the property.

Not exact matches

The Commissioner may lower the property sale requirement below 95 percent of the appraised value based on market conditions.

Put simply, the loan - to - value ratio, or «LTV ratio» as it's more commonly known in the industry, is the mortgage loan amount divided by the lower of the purchase price or appraised value of the property.

Loan - to - Value (LTV) Percentage The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propValue (LTV) Percentage The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propvalue (or sales price if it is lower) of the property.

Lastly, HUD says that it «supports the provisions in S. 2338 that lower the borrower's cash investment requirement from 3 percent to 1.5 percent of the appraised value of the property.

Loan - to - Value Ratio (LTV) The relationship between the unpaid principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propValue Ratio (LTV) The relationship between the unpaid principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propvalue (or sales price if it is lower) of the property.

However, if the remaining equity is lower than the appraised value of the property, your heirs might have a hard time paying back the loan if they want to keep the home rather than sell it.

The lender will give the loan based on the appraised value of the property, and if the appraisal comes in low, you may decide to cancel the loan.

- The cost of originating a loan is VERY high when you take a percentage of cost / appraised value at the lower property values.

Loan - to - Value (LTV) Percentage The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propValue (LTV) Percentage The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the propvalue (or sales price if it is lower) of the property.

Further, if the investor in the above example seasons his property, that is owns the property for more than a minimum amount of time (6 months - 12 months is usual), then it may become possible for him to refinance based on the appraised value of the property rather than the lower of appraised value or cost.

In some cases, it can be as low as 85 percent of your property's appraised value, making this a poor choice in all but the most desperate financial scenarios.

A conventional mortgage will be limited by the appraised value of the property; this can be problematic for foreclosed homes as the state of disrepair can lead to extremely low valuations.

BTW, when converting from personal use to rental use, the value of the property is the LOWER of your cost basis or the appraised value.

Most FHA home loan programs require the borrower to make a minimum down payment of 3.5 % of either the appraised value of the property or the asking price of the home, whichever is lower.

LTV (loan to value) The ratio of the amount of a mortgage loan to the appraised value or sales price of the property mortgaged, whichever is lower.

When he wasn't seeking tax breaks, Trump was lobbying local governments to lower the appraised value of his hotels and casinos in order to reduce his property tax bill.