Sentences with phrase «net tangible benefit for»

Loosely, Net Tangible Benefit for a fixed - rate mortgage is defined as reducing the «combined rate» by at least one - half of one percent.

Loosely, Net Tangible Benefit for a fixed - rate mortgage is defined as reducing the «combined rate» by at least one - half of one percent.

Not exact matches

There Must Be a Net Tangible Benefit The FHA actually requires that there be some advantage for the borrower if they go ahead with a Streamline Refinance.

For a reduction in the term of the mortgage to be considered a net tangible benefit, certain things must apply.

For veterans planning to purchase a home in South Carolina using a VA - backed home loan, a Net Tangible Benefit worksheet is required.

For veterans and servicemembers planning to purchase a home in Virginia using their VA home loan benefit, a Net Tangible Benefit Worksheet and termite inspection are rebenefit, a Net Tangible Benefit Worksheet and termite inspection are reBenefit Worksheet and termite inspection are required.

The FHA Streamline Refinance only requires that the homeowner has made on - time payments for the last 6 months; and, that the homeowner receives a «Net Tangible Benefit» — in this case, defined as lowering the «combined rate» by at least one - half of one percent.

With mortgage rates low, it's easier for homeowners to meet the FHA's Net Tangible Benefit requirement.

An FHA streamline refinance also requires that a borrower realize a «net tangible benefit» for the loan to be approved.

For veterans who will be using a VA home loan in the state of Maryland, a Net Tangible Benefit Worksheet is required, as well as a termite inspection.

For veterans who will purchase a home in the state using a VA home loan, a termite inspection is required, as is a Net Tangible Benefit worksheet.

Requirements for net tangible benefits vary depending on the refinance type, so it's best to check with a lender to see if you qualify.

This represents a gain in our net tangible book value of $ 2.52 per share for the benefit of our current stockholders, and dilution of $ 1.74 or 39 % of the public offering price, for investors in this offering.

This new guidelines for FHA streamlines base the calculation of the net tangible benefit on the principal and interest (P&I) and Mortgage Insurance Premium (MIP).