Sentences with phrase «appraised property price»

Dividing the total value of debts by the appraised property price results in a value known as loan to value (LTV), which helps home equity lenders decide who to assist.

They need to calculate loan to value ratio by dividing debts by appraised property price.

LTV is calculated by dividing total mortgages with appraised property price.

Not exact matches

The percentage of the lesser of the sales price / appraised property value that is borrowed from a bank or lender.

The county attorney says that offer is actually to accept the county's appraised price, plus environmental expenses, for the property.

If my property's appraised value is more than the purchase price, may I use the difference toward my down payment?

• The home's purchase price must be no more than the appraised value of the property.

b) If the property was purchased less than one year preceding the application date, the LTV / CLTV (85 %) for the mortgage amount must be calculated using the lesser of the appraised value or the original sales price of the property.

The calculation is based either off the appraised value or the original sales price, depending on the length of time the borrower has owned the property.

Usually, the amount of your loan can be no more than 95 percent of the appraised property value or 95 percent of the sales price of your home, whichever is less.

The California Homebuyer & rsquo; s Downpayment Assistance Program is a deferred - payment junior loan that grants applicants up to 3 % of the purchase price or appraised value of the property, which can be put towards the down payment and / or closing costs.

The LTV of a given property is equal to the property's existing mortgages divided by its appraised selling price.

The LTV is obtained by dividing property debts by its appraised price.

By dividing secured debts against appraised selling price of property, they get the loan to value ratio, which shows what percentage of the home you own.

The loan to value ratio is calculated by dividing debts by the appraised price of property.

To approve a mortgage a private lender will look at the mortgages registered on the property and the appraised price of the property.

A private lender will first look into the equity and the appraised selling price of the property.

A property's LTV can be found by dividing the value of the registered mortgages by the appraised selling price of the property.

A lender will only approve a loan for a property that appraises for the full sale price of the home — or more.h

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.

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.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

The information needed to complete the appraisal ranges from comments by the appraiser, if applicable, legal description, sales price, square footage and price per square foot, age, condition, total rooms, date of appraised value and appraised value, among hundreds of other identifying aspects of the property.

No down payment if the property appraises for the sale price or greater.

For members of the military, veterans, and military spouses, VA loans require zero down payment if the sales price isn't more than the property's appraised value.

If a home similar to yours in the same neighborhood sold for $ 250,000 last week, appraisers will generally appraise your property at or near that price.

If the property appraises, increasing the purchase price as demonstrated above will work, if the property does not appraise, then the buyer would need to bring the difference between the appraised value and purchase price to closing.

After dividing the value of loans by the appraised price of a home, our lenders will loan up to 85 % LTV on the property.

In comparison, the appraised value is prepared by a professional appraiser to estimate a property's worth, and is used for loan purposes as well as determining whether the market price is accurate.

If my property's appraised value is more than the purchase price can I use the difference towards my down payment?

The homebuyer's lender appraises the property at a value significantly lower than the agreed - upon purchase price.

A mortgage that exceeds 80 % of the purchase price or appraised value of the property.

Put simply, the loan - to - value ratio, or «LTV ratio» as it's more commonly known in the industry, is the mortgage loan amount divided by the lower of the purchase price or appraised value of the property.

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.

Loan - to - Value (LTV) Percentage The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the property.

Lenders will lend whichever is less between the purchase price and the property's appraised value.

But now that housing prices are depressed, property tax appraisals are routinely higher than the appraised value of the house.»

This is a percentage that is calculated by dividing the amount of your home loan by the purchase price (or appraised value) of the property you want to buy.

«I get concerned that the bank will say, «I'm sorry, we're not going to appraise the property for that price,»» said Cordwell during a recent Globe and Mail interview.

The value of the item (s) must be deducted from the sales price and the appraised value of the property (if not already done so by the appraiser) before applying the LTV ratio.

LTV is calculated by dividing the value of mortgages by the most recently appraised price of a property.

LOAN TO VALUE Ratio of the mortgage to the appraised value or purchase price of the property (whichever is less), expressed as a percentage.

This is achieved by dividing the total value of debts against the current appraised selling price of a property.

This means that you, the buyer with an FHA mortgage, can not be forced to follow through with the purchase in the event that the property does not appraise for at least the sales price, no matter what language the rest of the contract contains.

Loan to value helps lenders make this determination by dividing property debts by the appraised price.

This is settled based on how much debts you have on the property and its appraised price.

LTV s obtained by dividing total debts by the appraised current price of a property.

Loan - to - Value Ratio (LTV) The relationship between the unpaid principal balance of the mortgage and the appraised value (or sales price if it is lower) of the property.

Submitting an offer above the purchase price may be necessary in a market where you are competing against multiple offers but runs the risk of the property not appraising and the buyer needing to bring additional money to closing if they are applying for financing.

This is calculated by dividing the amount of your home loan by the purchase price (or appraised value) of the property.