Sentences with phrase «based on the appraised value»

The lender's maximum loan amount is based on appraised value if it is lower than the purchase price.

For example, they cap the total amount of loan that you are able to receive based on the appraised value of homes in the area.

Origination fees are government regulated and based on the appraised value of the home.

Loan amounts are based on the appraised value of your vehicle and average around $ 2,000.

For every loan done, a title report must be obtained from a Title Company and the company has to insure the Lender in the transaction for the required dollar amount based on appraised value, etc..

You may borrow up to the following limits based on the appraised value:

You may borrow up to the following limits based on the appraised value or sales price, whichever is less:

If you wish to give the property outright, you qualify for a charitable income tax deduction based on the appraised value of the property.

The lender will give the loan based on the appraised value of the property, and if the appraisal comes in low, you may decide to cancel the loan.

Also, the loan - to - value ratio is based on the appraised value and helps lenders figure out how much money may be borrowed to purchase the property and under what terms.

Was it a cash purchase that's allowing you to refinance as a posse to buying at 80 % and refinancing based on appraised value?

If a consumer does not know a GREAT Buyers agent saves their clients $ 10,000's of dollars because the agent could advertise such with full backup or a GREAT Sellers Agent sells their homes $ 10,000 higher than a similar $ 199 listing based on APPRAISED VALUE AT THE TIME OF LISTING, then comments like yours will remain in effect.

It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 6,000, other settlement costs of $ 2,688, and a mortgage payoff of $ 35,000; amortized over 193 months, with total finance charges of $ 51,714.48 and an annual percentage rate of 4.53 %.

While a bank will only fund a loan amount equal to no more than 80 % loan - to - value (LTV) of the actual purchase price, Montegra uses the appraised value to determine the loan amount and can make loans of up to 70 % LTV based on the appraised value.

Further, if the investor in the above example seasons his property, that is owns the property for more than a minimum amount of time (6 months - 12 months is usual), then it may become possible for him to refinance based on the appraised value of the property rather than the lower of appraised value or cost.

The terms for this loan type stipulate a maximum of $ 4,000,000 in size and up to 65 % LTV (based on the appraised value).

The borrower may purchase a home at 100 % LTV based on the appraised value on a 30 year fixed rate loan.

It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 7,500, other settlement costs of $ 2,783, a lender credit of $ 1000, and a mortgage payoff of $ 130,000; amortized over 145 months, with total finance charges of $ 111,075 and an annual percentage rate of 5.68 %.

Your loan limit is based on the appraised value after the improvements have been made.

Improvement costs can't exceed 5 percent of the property's value (not to exceed $ 8,000) or $ 4,000, whichever is greater based on appraised value.

The lender's maximum loan amount is based on appraised value if it is lower than the purchase price.

Not exact matches

Allsteel has four attributes on which it grades the quality of feedback from each session participant: content of comments, ability to appraise a product's potential value, open mindedness to new ideas, and whether he / she represents a client base it wants to attract.

If your property value has gone up, your cancellation request may be denied based on the fact that your payments haven't reached 20 % of that current appraised value.

In appraising Dash's performance it is useful to look at Metcalfe's Law, which values social media assets based on a formula of network size.

This percentage is based on the lesser of the original purchase price or current appraised value.

are appraised based on their «At Auction» value, but then sold on their used car lot.

Insurers typically base the price of artwork riders on the appraised value of your art and your home's distance from a fire hydrant.

So you can think of the appraised value as one person's informed opinion, based on property and market conditions.

For streamlines with an appraisal, the CLTV calculation is based on the new appraised value.

The calculation is based either off the appraised value or the original sales price, depending on the length of time the borrower has owned the property.

The Commissioner may lower the property sale requirement below 95 percent of the appraised value based on market conditions.

The lender will disclose to the homeowner the benefits of the program including home retention, a new affordable mortgage based on the current appraised value, and 10 percent equity.

Here's the formula: Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 80 %.

While the total loan amount is based on the property's appraised value once the repairs are complete, ** the down payment requirement is just 3.5 percent.

Then, when your home is appraised as part of the mortgage approval process, your appraiser will assign a home value based on what your home will be worth after your upgrades are complete.

MIP cancellation of a Streamline Refinance without an appraisal is determined based on the «original appraised value» provided by HUD.

The annual MIP may be canceled by HUD once the unpaid principal balance reaches 78 % of the lower of the initial sales price or the appraised value based on the initial amortization schedule.

• For streamline refinance transactions WITH an appraisal, the CLTV is based on the new appraised value.

• For streamline refinance transactions WITHOUT an appraisal, the CLTV is based on the original appraised value of the property.

A home's appraised value is based on such factors as square feet, number of bedrooms, number of bathrooms, the location and age of the property, and interior improvements.

The financial institution offers home equity lines of credit to qualified borrowers based on their credit history, income, debt obligations, and the appraised value of the home compared to the outstanding mortgage balance.

«FHA will determine when a borrower has reached the 78 % loan to value ratio based on the lower of the sales price or appraised value at origination.

Lenders make loan on the basis of the fair market value or the appraised value, whichever is less.

The amount of coverage you need is based on your instrument's appraised value.

Gerry McLough, your (98 % LTV) FHA loan has MIP because your loan was based on PURCHASE PRICE and not appraise value.

Remember that when qualifying for the mortgage you're the down payment is based on the sales price or appraised value of the property, whichever is less.

For newer homeowners, their loan amount will be limited to 85 % loan - to - value based on the lesser of the new appraised value or the sales price of the property when acquired.

If a subordinate lien (home equity loan or line of credit) will remain in place, the CLTV can not exceed 125 % based on the original home value if there's no new appraisal, and 125 % of the home's current appraised value for loans with a current appraisal.

These loans are made based on the estimated appraised value after improvements are made.

Keep in mind that most lenders base the 78 % LTV on their last appraised value.