Sentences with phrase «as a mortgage on»

As the mortgage on the land is an investment loan, can I claim the mortgage interest paid as a tax deduction?

Typically, life insurance is used as a way to pay off a large debt, such as a mortgage on a home that you want to leave to your heirs.

For a start, having debt on appreciating assets such as a mortgage on your home can be a good thing because the value of your house will be increasing at a rate that is far greater than the amount of money that you could save and quite possibly you would never be able to save the amount of money required to purchase a house in the first place.

The loan will be registered as a mortgage on the property in Kitchener.

Not exact matches

This rule, known as «Know Before You Owe,» requires lenders to provide simplified details on mortgages to homebuyers to help them shop for a loan that's right for them.

Government attempts to ease prices — including a 20 percent provincial tax on foreign buyers, a city tax on empty homes, as well as stricter federal mortgage rules — have made little difference: prices are up 16 percent in the past year.

But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG.

As most unregulated lenders insure their mortgages and rely on CMHC securitization programs or the major banks for their funding, most of their mortgages must comply with federal mortgage rules.»

Everyone comments on how authorities such as Canada Mortgage and Housing Corp. only now are starting to gather data on the extent to which international buyers are responsible for the price escalatio — an inexcusable example of bureaucratic inertia and old - fashioned Canadian complacency.

As the head of an industry association for mortgage lenders, brokers and insurers, Taylor isn't exactly impartial on the issue.

Mortgages aren't the only debt Canadians are saddled with, however, and the rates on credit cards, car loans, and home equity lines of credit could tick up as well, further increasing a household's overall carrying costs.

Abramowicz foresees another sort of ripple effect in the event of a market correction: As homeowners with those short - term private subprime mortgages struggle to figure out how to refinance in a much more constrained market, they may opt to default and cut back on consumer spending.

It achieves that by raising or lowering its policy interest rate, which influences other interest rates such as what you'll pay on your mortgage or auto loan, and the return you'll get on the balance in your savings account.

Since they're looking to cash in on the price appreciation, as long as the rent covers their mortgage payments, they figure they're ahead.

Hard inquiries on your credit — such as applying for a retail credit card — can lower your score temporarily, so avoid those activities in anticipation of a mortgage or loan application.

And if the global economy truly is as screwed as some believe — like Kyle Bass, for example, a Dallas fund manager Lewis encounters who predicted the sub-prime mortgage disaster and who has since bought an isolated ranch with its own water supply and an arsenal of weaponry, betting on severe economic collapse — then you're probably better off saving your nickels.

Banks retreated on home loans, issuing few purchase mortgages, and relying on the booming refi market for fresh business as rates plummeted.

To stage another fiscal drama just as the Federal Reserve starts to roll back its quantitative easing policy (which will put upward pressure on interest rates, including those on residential mortgages) would like banging pots and pans in the midst of an already distressed cattle.

If the US decided as a nation to reduce or eliminate incentives for homeownership, eliminating just the mortgage - interest deduction would, on average, eliminate about a third of that subsidy.

Bank of America relies heavily on higher interest rates to maximize profits as it has a large stock of deposits and rate - sensitive mortgage securities.

Canada's big banks have binged on mortgages as much as anyone, but they aren't one - trick ponies.

And the story of why the LePeres are now paying as much as their mortgage payment on insulin, even though they have insurance and even though there are competing drugs on the market, is really the story of what has happened to the healthcare industry in America since the start of the century.

The yield, a barometer for mortgage rates and other financial instruments, has jumped in April on signs of nascent inflation and as the Federal Reserve stood by its plan to gradually tighten monetary policy.

Keep in mind, that the mortgage you take out on a house is as important, as the price of the house, if not more so.

But unlike America's latest housing market bubble, which saw the supply of new homes rise rapidly as investors banked on new mortgages, there is no increase in the supply of farmland.

As we reported in February, Geithner's Treasury undermined a 2009 attempt to put more pressure on servicers to modify mortgages.

Even as a professional, I've never lived above my means, never carried credit card debt, and paid down on my mortgage with every spare dollar I earned until it was paid off.

A separate report from the Mortgage Bankers Association showed mortgage applications last week rose to their highest level in nine weeks as interest rates on 30 - year fixed - rate mortgages hovered at their lowest level in more thanMortgage Bankers Association showed mortgage applications last week rose to their highest level in nine weeks as interest rates on 30 - year fixed - rate mortgages hovered at their lowest level in more thanmortgage applications last week rose to their highest level in nine weeks as interest rates on 30 - year fixed - rate mortgages hovered at their lowest level in more than a year.

«The cumulative effect of interest rate hikes is going to begin mounting,» said Greg McBride, Bankrate.com's chief financial analyst, particularly on variable - rate loans such as credit cards, home equity lines of credit and adjustable - rate mortgages, which could rise within one to two statement cycles.

In the United States, which opened up its MLS to marketing - only services in 2008 as part of a settlement of an antitrust suit brought on by the Department of Justice, flat - fee brokers today represent about 10 % of the marketplace, and the FSBOs, according to a 2009 National Association of Realtors survey, 11 % (though, it's important to note, the U.S. market has been severely affected by the sub-prime mortgage crisis and had lower commissions in the first place).

However, analysts say the impact of stricter rules surrounding uninsured mortgages as of Jan. 1 and tumultuous NAFTA negotiations will weigh on the Big Five banks.

For several years, policy - makers have been introducing new regulations, such as restrictions on mortgage credit, to curb the build - up of household debt.

In addition to mortgage insurance, it also issues mortgage - backed securities and pursues a variety of social policy agendas at the behest of Ottawa, such as disseminating information on regional housing markets, improving access to affordable housing and encouraging energy efficiency in new homes.

«If you have a $ 200,000 mortgage on a house worth $ 250,000, and you have $ 200,000 in student loans, the bank may not see you as a good candidate for a loan,» Hoeksema says.

They have also increased the cost of new fixed - rate mortgages as yields on the bond market have moved higher.

U.S. mortgage insurance is thus based on the actual risk characteristics of the individual borrower rather than pooled across all citizens, as is the case in Canada.

Securitized assets such as mortgages, properties or whole businesses, are another way of reducing risk as lenders are higher up the capital structure, and management is restricted on what can happen to the assets.

As prices have kept rising, Canadians have eagerly taken on mortgages, and household debt levels have soared to record levels.

And as part of a last - ditch bid to avoid bankruptcy, he and his two business partners signed over the rights to second mortgages on their homes to a lender.

Worth noting: Though our list draws on industries as diverse as airlines and mortgage financing, fully half its number is made up of resource companies that offer long - term upside at sensible prices.

Most agree that banks need to have more cash, or capital, available to ensure they do not default on their obligations when the value of their other assets plunge, as happened during the recent mortgage crisis.

He previously headed US credit trading and mortgage trading, and he runs a business that ranks as one of the best on Wall Street.

Servicers work as intermediaries, handling homeowners» mortgage payments on behalf of investors who own the loans.

Fisher made its big withdrawal from the U.S. Deutsche Bank FI Enhanced Global High Yield ETN on Oct. 5 as Deutsche «faced a big penalty for allegedly misselling mortgage - backed securities in the U.S.,» the Journal says.

In addition, interest rates on U.S. Treasury bonds are used as barometers for determining global economic health [9], and as pegs for many other interest rates, including American mortgage and student loan rates [10, 11].

Not only did 29 percent of borrowers surveyed select the Treasury Department as having jurisdiction over rates on private student loans, nearly one in five (19 percent) thought rates on private student loans are set by the Consumer Financial Protection Bureau, or mortgage giant Fannie Mae (18 percent of respondents).

Rent / mortgage, utilities, gas, groceries, etc., and eliminate spending on things such as eating out, habits, or anything not required to live.

The suggested fixes include capping loans at 65 per cent of the home value, introducing new and more conservative means of estimating how much a residence is worth, and amortizing the loans (meaning that borrowers would have to repay the principal within a certain time frame, as in a mortgage, whereas now they can simply keep paying interest on their HELOCs).

Most of the time as a homeowner, you won't face any spikes in your payment (adjustable - rate mortgages are one exception), and you won't have to worry about being tossed out on the street if your payment becomes too expensive.

The annual mortgage insurance premium rate for FHA loans depends on your loan - to - value ratio as well as your total loan amount and repayment plan.