Sentences with phrase «access the loan proceeds»

However, an adjustable rate reverse mortgage has the benefit of allowing the borrower more control over how and when to access the loan proceeds.

However, an adjustable rate reverse mortgage has the benefit of allowing the borrower more control over how and when to access the loan proceeds.

Not exact matches

And what's more, proceeds from the EDvestinU Loan Programs support scholarships and college access activities in New Hampshire's public high schools.

This means that even a small 1 % increase in long - term rates could result in at least a 20 % reduction in the amount of loan proceeds available to a borrower, equating to tens of thousands of dollars LESS of home equity borrowers can access as rates rise.

The type of retirement account you have determines whether you have access to it for loan proceeds.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

Reverse mortgages do not require monthly mortgage payments5 and you can receive your loan proceeds as a line of credit that will grow over time6 and can be accessed anytime an unexpected medical expense comes up or as needed.

And because applying online for your unsecured tenant loan is fast and easy, you can have access to your loan proceeds faster when you apply on the Web.

Last year 4,343 Texas homeowners tapped into their home equity using a reverse mortgage loan.3 Unlike a traditional mortgage, a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.4 The loan proceeds are not taxed as income, or otherwise, 5 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.

Prefers to access mortgage loan proceeds instead of other accounts or sources which may be taxable.

This rate option will give you access to more cash proceeds over the life of the loan than any other product option available.

If a student loan proceeds to a lawsuit that means the consumer now has access to all of their legal rights under the law.

Choosing a loan from EDvestinU comes with warm fuzzy feelings at no extra cost as proceeds from their loan programs support monthly scholarships and college access activities in all of New Hampshire's public high schools.

The set - aside represents an amount of home equity the borrower can not access via the reverse mortgage, thus reducing the amount of available loan proceeds.

The good news about using permanent life insurance as part of your investing strategy is that the funds accumulate on a tax deferred basis, the proceeds given to beneficiaries is also free of federal income tax, and as your life insurance needs dwindle when you get older you can access the difference through policy loans.

These loans are able to access lower interest rates than a non-green mortgage, additional loan proceeds, and energy and water audits paid for by Fannie Mae.

If the company servicing the loan can no longer meet its obligations, FHA assumes responsibility for the loan, providing the borrower with uninterrupted access to any remaining reverse mortgage proceeds.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3