Sentences with phrase «actual purchase price of a home»

Lenders generally ask for mortgage loan insurance after buyers have made a down payment that is less than 20 % of the actual purchase price of a home.

Often times our loan amounts are greater than the actual purchase price of the home.

Not exact matches

This means our hypothetical borrower has a loan for 70 percent of the purchase price or appraised value, with the remaining 30 percent the home equity portion, or actual ownership in the property.

Actual closing costs and pre-paid items can easily range from about 2 % to 8 % of the sale price of a home, depending on where you live, and the purchase price of the home.

The product, which ValueInsured hopes to offer through more banks, provides homebuyers with insurance that covers up to 20 % of a home's purchase price or the actual equity lost, whichever is lower.