Sentences with phrase «as the mortgage term»

Decreasing term life insurance is often referred to as mortgage term life insurance since it's designed to decrease protection as your financial obligations (i.e. a mortgage) also decrease.

This isassuming an effective amortization of 5 years, same as the mortgage term.

- The age and gender of the homeowner - Whether or not the homeowner currently smokes cigarettes - The total value of the home and any land that accompanies it - The total value of the mortgage balance remaining for payment - The length of the insurance policy being pursued (typically the same length as the mortgage term)- The zip code of the home's location

Another factor to consider is length of your mortgage insurance term, which is only as long as your mortgage term, and not the full amortization of the mortgage.

Not exact matches

Home Capital Group has seen some of its riskier lending business drain away to the private, unregulated mortgage lenders — firms like Alpine Credit or the many so - called «mom - and - pop» shops which proliferated as small investors teamed up with brokers to provide short - term, non-amortized loans.

As you can see, picking the right mortgage term for your financial situation is complicated.

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.

In the short - term, however, this increased leverage may actually be bullish for junk bonds, corporate bonds, emerging market debt and mortgage - backed securities as it brings higher prices and lower yields, he said.

As universally expected, the Federal Reserve left things as they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per montAs universally expected, the Federal Reserve left things as they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per montas they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per month.

As of mid-2015, the measure (see blue line in chart) shows that less than a third of disposable income is required by a representative Canadian household for mortgage payments and utility fees — below the long term average (brown line).

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.

Whatever is the current cause of the rise of prices in the housing market, when computed as the mortgage cost in labour time in terms of the average weekly salary, residential properties, with the exception of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians than they were for the last five decades.

If you opt for an adjustable rate mortgage, your mortgage rate will be low in the beginning of your loan term but will then increase as time passes.

It turns out employees who have many part - time jobs, hop from one short - term contract or project to the next, or rely on freelance work as opposed to permanent jobs, don't come packaged in the tidy financial box that mortgage lenders typically like.

Adjustable - rate mortgages are popular because interest rates are typically cheaper initially than long - term, fixed - rate mortgages, such as the 30 - year mortgage.

We assumed that in each period a 30 - year bond is issued at prevailing interest rates (long - term government bond plus 1 %) and that amount is invested for the next 30 years in a portfolio of large - cap stocks while paying off the bond as an amortized loan (as if it were a mortgage).

Mortgage terms, on the other hand, improve as the amount of available cash goes up.

Term life insurance is especially suitable for those looking to cover short to medium - term liabilities such as a mortgage or business lTerm life insurance is especially suitable for those looking to cover short to medium - term liabilities such as a mortgage or business lterm liabilities such as a mortgage or business loan.

Adjustable - rate mortgage: Also known as an ARM, this mortgage option from Quicken Loans generally has a lower interest rate when compared to fixed - rate mortgages with the same term - at least at first.

Student loan terms range from relatively short to almost as long as a traditional mortgage.

This makes adjustable rate mortgages more affordable, at least in the short term, as the out of pocket expenses are less than if you were to finance your house with a fixed rate mortgage.

When the financial crisis hit the markets in 2008, the Federal Reserve embarked ultra easy monetary policy, which included cutting short - term interest rates to effectively 0 % while suppressing longer term interest rates through the purchases of long term Treasury debt and mortgage - backed securities — a program informally referred to as quantitative easing.

Rates provided by J.G. Wentworth Home Lending, LLC NLMS # 2925 (www.nmlsconsumeraccess.org); Equal Housing Lender; Programs, rates, terms, and conditions are accurate as of the stated date in the mortgage table, and are subject to change without notice.

When used responsibly, the HELOC portion of readvanceable mortgages can provide many benefits to consumers such as low interest rates, convenient access to funds and flexible repayment terms.

It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of credit.

This is a very positive development, as mortgage insurance is more profitable for Genworth than its long - term care insurance business.

As the name suggests, a fixed - rate mortgage is when the interest rate stays the same over the life or «term» of the loan.

CPCs for such high volume terms as they have a tendency to burn through budgets quickly and before you know it, you will end up with a high Negative ROI * Misspellings: It is good practice to add misspellings to your Keyword List - Example: I have seen conversions from Keywords like caars (cars); & motgage (mortgage) * Competitive Research: Some Keyword Research Tools show what competitors are bidding on.

As I emphasized last week, the large «term financing» and «term securities lending» programs initiated by the Fed do not expose the Fed to default risk in mortgage collateral it accepts from the banks that act as primary dealerAs I emphasized last week, the large «term financing» and «term securities lending» programs initiated by the Fed do not expose the Fed to default risk in mortgage collateral it accepts from the banks that act as primary dealeras primary dealers.

In short, when the Federal Reserve raises the short - term federal funds rate (which applies to inter-bank transfers), mortgage rates tend to go up as well.

This would likely lead to an increase in mortgage rates as well, particularly the long - term rates used for 30 - year fixed home loans.

This could eventually lead to an increase in long - term mortgage rates as well.

15 - Year Loan This mortgage product offers the same payment security as the 30 - year loan, but with a shorter term.

As shown in the figure above, the long - term trend in mortgage rates largely reflects the path of the 3 - month Treasury Bill rate, which is proxy for the federal funds rate.

As you can see, the standard 30 - year fixed mortgage is the most expensive in terms of interest.

If you get a long - term mortgage, and your income goes down or your credit score falls, the mortgage lender doesn't care — as long as you make your monthly payment.

By the end of the year, the Fed had reduced interest rates to near zero and had launched controversial programs, such as buying bonds to lower mortgage and other long - term rates to spur borrowing.

According to the Fed's Board of Governors website: «Movements in short - term interest rates [which are partly driven by the aforementioned funds rate] also influence long - term interest rates — such as corporate bonds and residential mortgages...»

As a home buyer with choices, then, what's important to remember is that every mortgage lender will offer slightly different terms and require you to meet slightly different standards.

While loan programs exist that help a wider range of borrowers, such as the FHA loan program, having a credit score of 700 or higher ensures you get the best mortgage interest rates and loan terms.

The Bank has also begun to accept both short - and long - term securities backed by residential mortgages — asset - backed commercial paper (ABCP) and residential mortgage - backed securities (RMBS) respectively — as collateral.

As the mortgage borrower, the term of your loan is also up to you.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

However, a prospective homebuyer looking to sell their house or refinance their mortgage after a few years could benefit from an adjustable - rate mortgage — as their lower rates make them more affordable in the short term.

«Affordability may vary depending on total debt obligations such as your student loans, auto loan or mortgage, other fixed expenses, and requested loan term,» Foley explains.

When interest rates increase relatively quickly in a short period of time it typically results in a short term increase in the number of sales in the housing market as many buyers rush to buy before the interest guarantee they have with their mortgage pre-approval expires.

Much like securitized residential mortgages prior to 2008, many see New York retail as a safe, low - maintenance asset that will almost inevitably rise in value in the long term, as it has in the past.

Move from a risky loan such as an interest - only mortgage or a short - term ARM to a more stable product such as a fixed - rate mortgage.

As you get closer to the end of your mortgage term, more of your payment goes toward the principal.

One in six said they would have trouble making mortgage payments if interest rates rise (long - term interest rates jumped following the November election of Donald Trump as U.S. president, while the U.S. Federal Reserve earlier this month raised its trend - setting rate for the second time since the 2008 crisis).