Sentences with phrase «as homeowners continue»

These pools of loans generate regular income as homeowners continue to send in their monthly mortgage payments.
With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.
With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.

Not exact matches

Both homeowners and homebuyers took a deep breath as rates continued to rise last week, pulling back a bit from the mortgage market.
In the U.S., he said, housing will «always remain as a primary playbook for stimulating the U.S. economy» and «homeowners will continue to believe that increased home equity is a faster highway to creating wealth than accumulating wealth by working for a living.»
In addition, as the conference speakers who follow me will make clear, there continue to be large volumes of properties for which the homeowner is either seriously delinquent or already in the foreclosure process.
And three, as state budget negotiations continues, we need to have a more honest dialog about where our property taxes go, and how reform at the state level, whether it's mandate relief or targeted local aid, we can finally actually reduce the property tax burden on New York's homeowners and businesses.»
National Guard units on Monday continued to assist homeowners amid ongoing flooding at Lake Ontario as residents continue to struggle with rising water levels.
As water levels on Lake Ontario continue to rise, state lawmakers are working on financial assistance to homeowners still assessing flood damage.
«As our work to rebuild and recover from Sandy continues, this tax abatement will help homeowners hit hard by the storm keep more of their hard earned money,» Lanza said.
PLATTSBURGH — A quiet side street in the town of Plattsburgh continues to crackle with tension as homeowners await the construction of a controversial supportive housing complex in their backyards.
As long as homeowners in affluent suburbs are allowed to benefit from the high density of cities (where they tend to work or find business and social networks) without accounting for the higher costs of public services to support it, they will continue to be barriers to inexpensive housing in their jurisdictionAs long as homeowners in affluent suburbs are allowed to benefit from the high density of cities (where they tend to work or find business and social networks) without accounting for the higher costs of public services to support it, they will continue to be barriers to inexpensive housing in their jurisdictionas homeowners in affluent suburbs are allowed to benefit from the high density of cities (where they tend to work or find business and social networks) without accounting for the higher costs of public services to support it, they will continue to be barriers to inexpensive housing in their jurisdictions.
A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1
1 Borrowers must still live in the home as their primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements.
Strategic defaults have become more common as some homeowners have found that they can't — or won't — continue to make mortgage payments while being underwater.
They must continue to live in the home as their primary residence, pay for homeowner's insurance and property taxes, and maintain the home according to the Federal Housing Administration (FHA) guidelines.
* You must live in the home as your primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to Federal Housing Administration requirements.
This is the one of the newest trends that mortgage lenders are being watchful of as the trend continues even though Fannie Mae and Freddie Mac have pulled out all stops trying to tighten down the noose on many would be homeowners according to Meg Burns, senior associate director for congressional affairs and communications at the Federal Housing Finance Agency.
As long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homAs long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homas they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the home.
As US homeowners continue to struggle with long term unemployment and home values below their mortgage amounts, FHA is amending its requirements to allow mortgage lenders to assist homeowners at risk of «imminent default.»
But with five - year variable mortgages now about 1 % lower than fixed, prospective homeowners and those close to mortgage renewal are faced with a dilemma as they anxiously try to anticipate whether rates will continue to spike.
As FHA continues to walk a policy tightrope between reducing risks and serving homebuyers and homeowners depending on its mortgage loan programs, the agency's latest request for funding cites the HECM loans as a potential casualty if appropriate funding is not provided during the 2011 fiscal yeaAs FHA continues to walk a policy tightrope between reducing risks and serving homebuyers and homeowners depending on its mortgage loan programs, the agency's latest request for funding cites the HECM loans as a potential casualty if appropriate funding is not provided during the 2011 fiscal yeaas a potential casualty if appropriate funding is not provided during the 2011 fiscal year.
After your passing, your spouse may remain in the home, continuing to defer loan repayment, as long as all loan and FHA requirements continue to be met, including maintenance of the home and payment of all property taxes, fees, and homeowner's insurance.
Important Disclosures: 1 You must live in the home as your primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements.
As home prices continue to rise, home equity loans are becoming potential sources of cash for homeowners.
You must continue to live in your home and are financially responsible for it Reverse mortgages require the borrower (s) to live in the home as their primary residence, continue to pay for homeowners insurance and property taxes, and maintain the house in accordance with FHA guidelines.
While residential break - ins continue to decline — with a 45 % reduction since 1998 — it comes as no surprise that homeowners want to eliminate every opportunity of making their house the thief's next target.
You continue to maintain ownership of your home, as long as you comply with the terms of the loan and pay your property taxes and homeowner's insurance.
As homes continue to decline in value, homeowners will be looking for any and all assistance that is available.
This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-..as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-..as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-..As you evaluate this financing option consider -LSB-...]
Important Disclosures: 1 You must still live in the home as your primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements.
A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.
Borrowers must continue to pay property taxes, homeowner's insurance, and home maintenance as well as comply with loan terms in order to avoid foreclosure.
Despite continued proof that it fails to build up wealth for the most disadvantaged Americans, and that mortgage debt should not be a burden as homeowners approach their 50s and 60s, misguided advocates maintain that the 30 - year fixed rate mortgage should be at the core of the U.S. housing finance system.
The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.
Reverse mortgages are not a rip - off at all; they are a federally insured loan1 that allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as they continue to meet the loan obligations.2
1You must still live in the home as your primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements.
A reverse mortgage loan typically does not require repayment for as long as the borrower (s) continues to live in the home as the primary residence, pays property taxes and insurance, and maintains the home according to the Federal Housing Administration (FHA) requirements, or until the last homeowner has passed away or has moved out of the property.
The Reverse Mortgage does not become due and payable, as long as you meet the loan obligations; live in the home as your primary residence, continue to pay the Property taxes, Homeowners Insurance, HOA dues and maintain the home.
Borrowers must continue to meet ongoing property obligations such as homeowner's insurance and property tax payments.
«We continue to see migration from 60 - plus - day to 90 - plus - day delinquencies within the 2006 vintage, suggesting that homeowners who experience early delinquencies are finding it increasingly difficult to refinance or work out problems, as opposed to being able to cure falling behind on payments,» the rating agency said.
«Built - in LED lights along stairs or in railings are popular as they create depth and mood,» adds Willis, while enabling homeowners to continue to use their space even when the sun has gone down.
As many homeowners continue to have trouble meeting their mortgage payments, foreclosure scams have proliferated.
The homeowners» association bears responsibility for ensuring that the entire development can continue to function as a viable entity.
Many homeowners are not taking a chance, as they continue to set up home equity lines of credit behind their existing 1st mortgage.
As foreclosures continue and homes become further underwater, banks may change their mind because they want to keep homeowners in their homes.
It's your responsibility to fulfill the agreed - upon loan obligations, such as continuing to pay property taxes, homeowners insurance, and maintaining basic home repairs, or the loan may go into default.
As long as one homeowner continues to live in that home as the primary residence, the homeowners aren't obligated to repay any part of the loan balancAs long as one homeowner continues to live in that home as the primary residence, the homeowners aren't obligated to repay any part of the loan balancas one homeowner continues to live in that home as the primary residence, the homeowners aren't obligated to repay any part of the loan balancas the primary residence, the homeowners aren't obligated to repay any part of the loan balance.
As FHA continues to explore options for reducing risk while accommodating moderate income buyers and homeowners, it appears that cutting a large number of potential homeowners out of the housing market is not a sensible option.
As home values continue to appreciate, more and more homeowners will be given the freedom to move.
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