Sentences with phrase «mortgage escrow shortages»

Not exact matches

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

The existing first lien may include the interest charged by the servicing lender when the payoff is not received on the first day of the month as is typically assessed on FHA mortgages, late charges or escrow shortages, but may not include delinquent interest.

Hopefully you will never receive an escrow shortage letter ever in your life, but if you do, hopefully you will have the funds to pay the shortage in full or the difference in your total mortgage payment is not significant enough to throw off your budget.

Hopefully you will never receive an escrow shortage letter ever in your life, but if you do, hopefully you have the funds to pay the shortage in full or the difference in your total mortgage payment is not significant enough to throw off your budget.

If I would have known then what I know now about Escrow shortage + property tax increase = mortgage payment increase, I would have continued to rent a apartment.