Sentences with phrase «appraised price when»

Private mortgage lenders in Milton look at the home's debts and appraised price when deciding whether to lend.

Not exact matches

Chris was great, he had the car ready to show us right outside, while we were test driving the car the dealership was appraising her old vehicle which was pretty much a formality since it was basically worth the metal that hadn't rusted off yet and were done before we got back, he knew we were buying the car together and made sure each of the things we were concerned about having in a car were met, when we got back the negotiating was painless and we agreed on a very fair price and got the financing in order.

Original value is defined as the sales price or the appraised value of the home when the loan was made — whichever is less.

Under the Homeowner's Protection Act (HPA) of 1998, you can request PMI be removed from your mortgage when the balance on your loan reaches 80 % or less of the home's original purchase price or appraised value at the time of purchase (whichever is less).

Having the home appraise for at least the purchase price is key when building closing costs into the sales contract.

What happens when the sales price and appraised value are different?

It is a payment usually required of a borrower for loans in which a down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.

«FHA will determine when a borrower has reached the 78 % loan to value ratio based on the lower of the sales price or appraised value at origination.

For example, if the lower of the sales price or the appraised value at origination was $ 100,000, when the loan amount reaches $ 78,000, FHA will no longer collect annual mortgage insurance premiums on the loan.

Remember that when qualifying for the mortgage you're the down payment is based on the sales price or appraised value of the property, whichever is less.

When trying to determine the LTV of a home on a purchase transaction, simply divide the mortgage loan size by the lower of an appraised value versus the sales price of a...

For newer homeowners, their loan amount will be limited to 85 % loan - to - value based on the lesser of the new appraised value or the sales price of the property when acquired.

«Some lenders will consider a new appraisal instead of the original sales price or appraised value when deciding whether you meet the 20 percent equity threshold.»

Ask your Realtor «Will the house appraise for the purchase price plus repair cost when repairs are completed?»

Tax assess values are only updated once a year, and they typically don't take local comparables into account when determining a home's appraised price.

With the estimated purchase price, and repair estimate in hand, now ask your Realtor «Will the house appraise for the purchase price plus repair cost when repairs are completed?»

The value of your interest should be determined by rationally appraising the business's prospects, and you can happily sell when Mr. Market quotes you a ridiculously high price and buy when he quotes you an absurdly low price.

When HUD first announced the program, they did state that they would use just the appraised value but before the program ever went live, they issued a Mortgagee Letter changing it to the LOWER of the appraised value or the sales price to determine the benefit amount.

When refinancing a mortgage, the loan - to - value ratio is computed using the appraised value of the home, not the sale price.

Say the sales price of a mobile home is $ 60,000, and the mobile home appraises at $ 55,000, you now have a foot to stand on in when making a counteroffer.

Because of this, private mortgage insurance is usually required when the borrower is putting up less than 20 % of the purchase price or appraised value of the home.

Say the sales price of a manufactured home is $ 60,000, and the manufactured home appraises at $ 55,000, you now have a foot to stand on in when making a counteroffer.

In an upcoming blog post on Mason Hawkins I included this quote about selling: «We sell for four primary reasons: when the price reaches our appraised value; when the portfolio's risk / return profile can be significantly improved by selling, for example, a business at 80 % of its worth for an equally attractive one selling at only 40 % of its value; when the future earnings power is impaired by competitive or other threats to the business; or when we were wrong on management and changing the leadership would be too costly or problematic.»

Cindy Bahr, hospital administrator at Warner Center Pet Clinic in Woodland Hills, Calif., says she and an associate veterinarian tried to buy out the current owner, but an agreement couldn't be made when the practice was appraised at two different prices.

It has made clear it uses an oil price range of $ 60 - $ 90 per barrel, and an assumed carbon price of $ 40 per tonne of CO 2 when appraising projects.

For example, in a «sellers» market», or when there are multiple offers on a home, an inflated selling price above the appraised market value can result.

When I say breakeven I mean the after repair value (in this case the appraised value)- purchase price is equal to down payment + repair costs + financing costs.

When the average appraised value is $ 300,000, the low selling price could easily be $ 285,000 and the high price $ 315,000.

The session concluded with a discussion about the challenges of communicating to sellers that the price appraised on their home when they purchased it five years ago may not be an accurate comparison to the value of the home today.

With such heavy reliance on a parent's asset to fund a child's home, what happens when the newly bought home is not appraised for the purchase price — which is rather common — or when an adult child's home loses value during a downturn, and does not sell for enough to repay an aging parent's retirement savings?

Tax assess values are only updated once a year, and they typically don't take local comparables into account when determining a home's appraised price.

Do you know what to do when a home does not appraise for the contract price?

But what happens when the offer is written up — but the house doesn't appraise for the value of the purchase price?

The buyers applied for financing, but when they learned that the property appraised for less than the contract price, they anticipated that the financing request would be denied.

«Everybody's jaws dropped» when the appraised value came in at the full, agreed - upon selling price,» says Ackerman.