Sentences with phrase «as second mortgages»

They are also referred to as second mortgages, because they are used once you actually own the house, and also because the HEL will occupy a second - lien position behind the first mortgage.

Others have taken secured loans, such as second mortgages on their homes, to pay off high - interest unsecured debt.

For high - risk investments such as second mortgages or loans for people without income, private lenders demand hefty interest fees compared to the banks.

Currently at record high levels, BCHP funding will increase debt for many home buyers who take advantage of this program, as it will serve as a second mortgage owed to the British Columbia Housing Management Corporation.

Functioning as a second mortgage, these loans typically have a fixed rate and require that you repay interest and principal each month.

HELOCs function as a second mortgage, with the borrower withdrawing and repaying funds on a more flexible schedule, and the government allowing a tax deduction for interest payments.

Mortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt obligations.

Choosing a HELOC as your second mortgage is not quite as risky as borrowing a lump sum.

If you have equity in a home, you can apply for a home equity line of credit (HELOC), sometimes referred to as a second mortgage.

For instance, you could set up a contract with the seller that would require you to make monthly payments of $ 150 on $ 10,000 of the price of the property as a second mortgage.

The home equity loan is also commonly referred to as the second mortgage.

In case the borrower opts for a balloon mortgage or interest only mortgage as a second mortgage, the lender has to consider all possibilities of receiving payments.

We can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

In every province, we have a team of specialised mortgage brokers that will assist you with information on whether you qualify for a loan and help you get the money you need as a second mortgage loan.

Functioning as a second mortgage, these loans typically have a fixed rate and require that you repay interest and principal each month.

These types of loans are sometimes referred to as a second mortgage.

A home equity loan, otherwise known as a second mortgage, lets you borrow off the money you've already put into your home.

Stephen has played key roles in all aspects of financing on multi-family residential, commercial, land servicing, as well as second mortgage and mezzanine transactions.

Also commonly known as a second mortgage, standard home equity loans essentially allow you to access your available equity while you continue to pay a monthly mortgage payment over a predetermined length of time.

A home equity loan, commonly referred to as a second mortgage, is a note or line of credit that is secured or collateralized by the equity in your home.

The hard money lender required a 30 % down payment so the student negotiated with the seller to carry the other 20 % for three years as a second mortgage.

A home equity loan (often referred to as a second mortgage) is a loan for a fixed amount of money that must be repaid over a fixed term.

Mortgage brokers Napanee, Ontario can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Muskoka mortgage brokers can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Mortgage Refinancing Commonly referred to as a second mortgage, with mortgage refinancing you create a new, lower loan based on the equity you have in your home.

This is called a home equity loan, but is also known as a second mortgage since it is in addition to the actual home loan.

For sellers of investment properties they may be able to defer capital gains on the sale if a portion of the proceeds is provided back to the buyer as a second mortgage.

A debt consolidation personal loan works for people who don't own a home or have enough equity in their home to borrow it back as a second mortgage.

At its heart, a home equity loan is the same as a second mortgage.

Sometimes a balloon will be offered as a second mortgage where you also assume the homeowner's first mortgage.

Your lender may require you to certify that there are no junior liens (such as a second mortgage) on your home.

California Department of Real Estate for CA Mortgage Lender; Colorado Supervised Mortgage Lender License; FL State Florida Mortgage Lender; MD Maryland Mortgage Lender; Registered in Michigan as Second Mortgage Broker; Utah Consumer Credit Notification, Home Equity Loan License; We do not make mortgage loans in Pennsylvania.

We were founded as a second mortgage company so we understand the vast benefits that 2nd mortgages provide for consumers in this economy.

Home equity line (HELOC): Also referred to as a second mortgage, this loan makes it possible for consumers to borrow against their equity in their homes for a specified term and up to a pre-set maximum sum.

Alaska Business License No 299754; Loans will be made or arranged pursuant to California Department of Real Estate, CA Mortgage Broker # 01383182; Colorado Supervised Lender License; CT Connecticut Second Mortgage Broker # 13387; FL State Florida Mortgage Broker # 385366; GA Georgia Residential Mortgage Licensee, Mortgage Broker # 19240; MA Mortgage Broker # MB3598; This is not an offer to enter into an agreement, ME Main Loan Broker # CSO6907; MD Maryland Mortgage Lender # 12704; MI Registered in Michigan as Second Mortgage Broker #SL 0010472; NE Nebraska Mortgage Banker # 825; NH Licensed by the New Hampshire Banking Department (Mortgage Broker # 11471 - MBR); Utah Consumer Credit Notification; VA Licensed by the Virginia State Corporation Commission, Mortgage Broker # 2456; WA Washington Mortgage Broker # 510 - MB - 25970; Not licensed in all 50 states.

Acting as a second mortgage, a HELOC lets you borrow against your home equity via a line of credit.

A home equity loan, sometimes referred to as a second mortgage loan, usually allows you to borrow a lump sum against your current home equity for a fixed rate over fixed period of time.

A home equity loan is referred to as a second mortgage.

Debt secured by your principal residence or second home — such as a second mortgage or home equity line of credit — that is not used to buy, build or substantially improve the property.

In this case I would advise the seller to take a note, registered as a second mortgage against the property for $ 20,000.

Private money and vendor take back (VTB): You can use these vehicles as a second mortgage or stand alone option.

The broker emphasized the secure nature of the potential investment, which would be secured as a second mortgage subject to a first mortgage of almost $ 300,000.

A key follow - up question is, «What is the current mortgage balance and are there any other liens against the home, such as a second mortgage or home equity loan, judgment liens, and mechanics» liens?»

Passive investment opportunities, such as second mortgage investments and syndicated mortgage investment opportunities, provide families with alternatives to «big bank» GICs and mutual funds while concurrently providing principal - protection and additional cash flow.

Stephen has played key roles in all aspects of financing on multi-family residential, commercial, land servicing, as well as second mortgage and mezzanine transactions.

In such a case, clarify to them that applying for a Home Equity Line of Credit (HELOC) as a second mortgage would be a better play.

Not exact matches

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.

The agency, created in 1946 to build houses for veterans of the Second World War, liked to describe itself as the «heart of housing» — an enormous Crown corporation that dominated the mortgage insurance market, guaranteed complex, bond - like assets called mortgage - backed securities, and subsidized the building and upkeep of First Nations and social housing.

For those with a lower LTV, it's sometimes possible to refinance a large enough amount to pay off the second mortgage as well as the first mortgage.

That makes a HELOC more like a mortgage; in fact, a HELOC is often is referred to as a «second mortgage.»