Sentences with phrase «amount of the mortgage loan»

Regardless of the value of a home, most mortgage insurance premiums cost between 0.5 % and as much as 5 % of the original amount of a mortgage loan per year.

For each year your extra and increased payments, in total, must be less than 20 % of the original principal amount of your mortgage loan.

In doing this, the lender receives more cash than just the face amount of the mortgage loan when they sell it to an investor on the secondary market.

Regardless of the value of a home, most mortgage insurance premiums cost between 0.5 % and as much as 5 % of the original amount of a mortgage loan per year.

Points (also called discount points)-- One point is equal to 1 percent of the principal amount of a mortgage loan.

Mortgage PrepayingMortgage prepaying consists on cancelling part or the total amount of the mortgage loan remaining debt.

The annual premiums are the percentages of the original amount of the mortgage loan in each FICO score column.

Mortgage prepaying consists on cancelling part or the total amount of the mortgage loan remaining debt.

The degree of credit risk for a particular security depends on the credit performance of the underlying loans, the structure of the security (that is, which classes of security are paid first, and which are paid later), and by the degree of over-collateralization (in which the face amount of the mortgage loans held as collateral exceeds the face amount of the RMBS or CMBS issued).

If you know that a certain amount of mortgage loan will be too much for you, it is better you go for the amount that you can pay conveniently without jeopardising your personal finance.

The average amounts of mortgage loans made to millennials in June were highest in San Jose - Sunnyvale - Santa Clara, Calif. ($ 598,606, on average), as well as in San Francisco - Oakland - Hayward, Calif. ($ 543,851), Los Angeles - Long Beach - Anaheim, Calif. ($ 436,967), Boston - Cambridge - Newton, Mass. - N.H. ($ 364,767), and Washington, D.C. - Arlington - Alexandria, Va. ($ 432,722).

The annual premiums are the percentages of the original amount of the mortgage loan in each FICO score column.

The degree of credit risk for a particular security depends on the credit performance of the underlying loans, the structure of the security (that is, which classes of security are paid first, and which are paid later), and by the degree of over-collateralization (in which the face amount of the mortgage loans held as collateral exceeds the face amount of the RMBS or CMBS issued).

Each point is equal to 1 % of the principal amount of a mortgage loan.

The amount of your mortgage loan can also dictate the type.

Total costs you can expect to pay are from 3 % to 6 % of the amount of your mortgage loan.

The following guide shows how an appraisal affects the amount of your mortgage loan.

As the amount of a mortgage loan is usually very large, most people prefer to have a lower interest rate on the...

For that purpose, the short versions (15, 20 years) of fixed rate mortgage loans are the best while short variable rate terms (1, 3, 5 and 7 years ARM) or long fixed terms are better for reducing the amount of the mortgage loans» monthly installments.

This should be reason enough for an insurance company to approve you purchasing life insurance (coverage totaling the amount of the mortgage loan) with your mother as the insured.

Loan to Value Ratio The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.

For this reason, your application for mortgage may be denied except the amount of the mortgage loan is reduced to reflect the value of the property based on the appraisal carried out.

LTV (%) = (the amount of mortgage loan) / (the value of the property).

As the amount of a mortgage loan is usually very large, most people prefer to have a lower interest rate on their mortgage.

She also learned that a bank (not her regular one) was willing to negotiate with her on the amount of the mortgage loan she could be approved for.

The bank told Lindsay they'd increase the amount of her mortgage loan if she drastically reduced the credit limit on a long - dormant line of credit she had forgotten about.

Loan - to - value ratio (LTV): The amount of a mortgage loan compared to the value of the property purchased.

You select a life insurance policy in the amount of your mortgage loan, with a duration (term) that matches the duration of your mortgage loan.

The cost of this insurance varies according to such factors as your age, health and the amount of your mortgage loan.

The death benefit matches the amount of your mortgage loan and the beneficiary is the lender.

When the policy begins the amount of coverage is equal to the amount of your mortgage loan.

A point is one percent of the amount of the mortgage loan.

Also referred to as «discount points», a point equals one percent of the amount of a mortgage loan and are charged by a lender as a form of pre-paid interest.

There are two kinds of title insurance coverage: a Lender's Policy, which covers the lender for the amount of the mortgage loan, and an Owner's Policy, which covers the homebuyer for the amount of the purchase price.

The lender may provide a borrower incentive that reduces the amount of the mortgage loan being refinanced, provided that: - The amount of the incentive does not exceed $ 2,000; - No repayment is required, and; - The payment is reflected on the HUD - 1 Settlement Statement as a lender credit

Total costs you can expect to pay are from 3 % to 6 % of the amount of your mortgage loan.

It is a one - time charge that is calculated based on the amount of the mortgage loan.

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.

Depending on your circumstances or mortgage loan type, your closing costs and mortgage insurance may be included in the amount of your mortgage loan, too.