Sentences with phrase «based on the existing mortgage»

I don't necessarily think the interest rates is too high since the seller is willing to do terms, but like @Joshua D. stated, I don't see how the numbers would work based on the existing mortgage.

Not exact matches

Make too little, which is under $ 79,500 based on existing rates, and you will feel the strain of the mortgage payments.

Few lenders refinance mortgages in today's market based on stated income, even if your existing mortgage is a stated income loan.

If the streamline refinance is «credit qualifying» with or without an appraisal, the MIP is based on the new credit score and the loan - to - value from the existing mortgage being refinanced.

The MIP for the subsequent Streamline refinance is based on the credit score and loan - to - value for the existing mortgage being refinanced.

The calculator works by determining your eligibility and the amount you may qualify for based on several factors such as your home value, any existing mortgage balance, and your age.

The new HOME homeownership value limits for existing HOME units is 95 percent of the median purchase price for the area based on Federal FHA single family mortgage program data for existing housing and other appropriate data that are available nation - wide for sale of existing housing in standard condition.

Keep in mind — the new mortgage is based only on your income, credit score and existing debt.

Based on our experience, unless you decide to renew your mortgage with a new lender and therefore file a new credit application, a consumer proposal filing should still allow you to renew your mortgage with your existing bank in most cases.

They are based on the current value of your home versus your existing mortgage balance.

Applicants are typically approved based on a percentage of their home's appraised value and then subtracting the balance owed on your existing mortgage.

Private lenders decide how much to loan applicants based on the value of the property and the value of existing mortgages.

While many mortgages are placed on existing homes, you can obtain a home loan based on units, condominiums, new construction or land packages.

Since the new rules don't apply to existing mortgages, we calculated the deductible based on the first year of a new 30 - year mortgage.

The month in which the modified principal balance of the new mortgage is less than the principal balance of the existing mortgage is the month in which a genuinely economical refinancing payback period, one based on household net worth, has been reached.

(If the costs of refinancing will be paid out of pocket, then the same dollar amount should be subtracted from the existing mortgage's principal balance, based on the assumption that if the refinance transaction does not take place, the money you would shell out for costs could instead be used to pay down the principal balance of the existing loan.)

Lenders approve applicants for a specific amount of credit based on taking a percentage of their home's appraised value and subtracting the balance owed on the existing mortgage.

This convenient mortgage option lets you access additional funds by simply adding them on to your existing RBC Royal Bank mortgage, based on the current appraised value of your home.

* Average monthly savings claim is based on a review of New American Funding funded rate & term refinance loan customers from Jan 2017 thru Sept 2017 using a comparison of existing mortgage payments to mortgage payments on new mortgage loan received by the consumer.

It does not matter what occurs with the mortgage, or even if the mortgage still exists, the policy will provide coverage based on the initial schedule.

The platform is based on an existing home equity marketplace, founded by the CEO of LAToken, that has facilitated 12,000 mortgage offers and more than 1,000 deals for 7 banks and 25 investors in the past year.

EPA's program touches the existing - home market, too, as buyers look to retrofitting based on Energy Star standards as a way to lower their utility costs, improve resale potential, and in some cases qualify for energy - efficient mortgage financing.

Bolstered by low mortgage rates and a swelling demand from equity - rich baby boomers, the housing markets have been out of balance for the past few years, with existing - home inventories alarmingly low — only 3.8 months» supply on a nationwide basis as of January — and price appreciation undesirably high.

The platform is based on an existing home equity marketplace, founded by Valentin Preobrazhenskiy CEO of LAToken, that has facilitated 12,000 mortgage offers and more than 1,000 deals for 7 banks and 25 investors in the past year.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.

The calculator works by determining your eligibility and the amount you may qualify for based on several factors such as your home value, any existing mortgage balance, and your age.