Sentences with phrase «assume ownership of the home»

The bank owns my home The bank does not assume ownership of your home when you take out a reverse mortgage.

In those cases, your children (or other heir) would take on the loan — same interest rate, same monthly payment — when they assume ownership of the home.

The bank owns my home The bank does not assume ownership of your home when you take out a reverse mortgage.

Not exact matches

In order to explore the income tax implications associated with transferring ownership of a cottage, I will assume both a city residence and a cottage have been purchased subsequent to 1981 and I will assume that the principal residence exemption has been fully allocated to your city home and the cottage will be the taxable property.

Just keep in mind that once your name is added to a deed (assuming you already have your own principal residence), you'll be required to pay capital gains taxes in proportion to your percentage of ownership when the home is eventually sold.

I'm assuming you purchased your home because you wanted to enjoy the benefits of home ownership and you liked the house you bought.

Should this happen, and we all agree, then the foster home will pay the adoption fee, complete the Final Adoption Agreement, and assume ownership of the dog.

The Settlement reflected the couple's agreement that the husband would take sole ownership of the matrimonial home and assume all debts and costs, and in return would pay the wife an agreed lump sum, together with a monthly amount.

It can not be assumed that the introduction of any home ownership scheme will be successful.

Two further qualitative studies report a Care by Parent discharge programme and describe how the mother can stay in the same room or in a room close to her preterm infant, assuming all of the aspects of care but with help at hand if needed.71 72 Mothers reported that it gave them the opportunity to test reality and bridge the gap between hospital and home, thereby gaining confidence in taking their infant home, and it helped mothers to feel they were part of a proper family and to promote their «ownership» of the infant.

Assuming you want them to buy your house, you are looking for tenants who can afford the eventual mortgage payments and all the other expenses of home ownership, especially if you end up selling them the house with owner financing.

«A lot of young people assume that home ownership is out of their reach,» says tour organizer Amber Strazzo.