Sentences with phrase «balance under the mortgage»

Not exact matches

Some mortgage underwriters base decisions on the percentage of your total student loan balance rather than using your monthly payment amounts under an income - driven repayment plan.

Under this program, Canada Mortgage and Housing Corporation bought insured mortgages from lenders, which made room on their balance sheets for new mortgage Mortgage and Housing Corporation bought insured mortgages from lenders, which made room on their balance sheets for new mortgage mortgage lending.

Both amendments are effective and will be applied prospectively by the company on January 1, 2010... Under these accounting standards, the company will record the underlying mortgage loans in these single - family PC trusts and some of its Structured Transactions on its balance sheet.

Average interest rates for 30 - year fixed - rate mortgages for loan balances of $ 417,000 or under fell to 3.83 % — their lowest levels since April 2015, according to the association.

Under the Homeowner's Protection Act (HPA) of 1998, you can request PMI be removed from your mortgage when the balance on your loan reaches 80 % or less of the home's original purchase price or appraised value at the time of purchase (whichever is less).

The lender's policy protects the lender's interest in the property as security for the outstanding balance under the buyer's mortgage.

In five years, they'll have a mortgage balance of just under $ 550,000.

Since student loan indebtedness in America is now just under $ 1 trillion, managing those obligations in tandem with other debts, like credit card balances or a mortgage have signaled an end to America's free money days.

The result — my bank balance (mortgage) is healthy (reducing), I have made far more money on property than if I had saved it under the mattress, I have saved money for my children — and we still have managed to have a new car and a holiday each year.

CRITICAL ILLNESS INSURANCE Affordable and cost - effective insurance that pays out your mortgage balance should you contract a disease / medical condition covered under the policy whether you survive or not.

Under the applicable HUD program, fees are established and the mortgage insurance premium is 0.5 percent per year on the outstanding loan balance.

If you're under water on your mortgage, see if your lender will agree to a short sale in which you will not be responsible for the difference between the selling price and the mortgage balance.

But under the Mortgage Forgiveness Debt Relief Act of 2007, taxpayers are allowed to exclude debt forgiven on their principal residence if the balance of their loan was less than $ 2 million.

This annual premium (0.85 percent of the mortgage amount on a 30 - year loan with the minimum down payment) would amount to $ 850 per year for every $ 100,000 of the loan balance, adding just under $ 71 to each monthly payment.

But for borrowers who have a large mortgage balance, the proceeds can be much closer under the two options — they can even be the same.

A third factor contributing to the collapse of institutions like Lehman Brothers was securitisation: the practice under which lenders package up mortgage loans and sell them on to investment banks in the form of mortgage - backed securities — and in the process getting the loans off the lenders» balance sheets.

The second mortgagee took the position that by paying the principal balance owing under the mortgage, it had assumed the position of first mortgagee.

Example: A 5 - year - old mortgage note with a face value of $ 100,000 and an amortization term of 20 years at 2.8 percent interest is worth far less than $ 100,000 for two reasons: (1) The principal balance is now a little under $ 80,000.

The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

A: The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

Under that program, borrowers facing foreclosure can refinance into FHA - backed financing if the original lender writes down the balance of the mortgage to the current market value.

Your Home Can Be Considered «Under Water» You may be eligible for a short sale if your Wellington home's current value is lower than the owing mortgage balance.

A: Under the Home Equity Conversion Mortgage (HECM) plan, your loan servicer may assign your loan to HUD when your outstanding loan balance reaches 98 % of the maximum claim amount.

CRITICAL ILLNESS INSURANCE Affordable and cost - effective insurance that pays out your mortgage balance should you contract a disease / medical condition covered under the policy whether you survive or not.

The mortgage acceleration clause is a provision in the mortgage loan contract that provides the lender with the legal right to demand repayment of the remaining balance of the loan under certain circumstances, usually when a contractual obligation is violated.

Under an obscure statutory change buried in a federal highway bill that passed Congress in the summer of 2015, your lender must now disclose more information to the IRS about your loan, including the amount of the outstanding principal balance at the beginning of the year, the origination date of your mortgage and the address of the home securing the loan.