Sentences with phrase «be another great year for mortgage»

2012 has been a great year for mortgage companies that have been able to rebound financially with the HARP 2.0 and the record breaking interest rates.

2011 could be another great year for mortgage rates.

Not exact matches

The end goal is for us to move back to Vancouver in 10 years or so, and have little - to - no mortgage left — which will land us in a great financial position to afford a home, no matter what the housing landscape looks like then.

The author of Busted: Life Inside the Great Mortgage Meltdown is an economics reporter of sixteen years standing for the New York Times.

The Big Short is a great movie to explain the mortgage - securities crisis of few years ago (i.e. people getting approved for mortgages they can not afford to pay, but which banks made money on nevertheless by bundling them together).

A reverse mortgage from America First Credit Union is a great way for homeowners 62 years of age and older to convert part of their equity into supplemental income.

These bi-monthly (more aptly named bi-weekly) programs hold themselves out as being a great way for a borrower shave years off of a 30 year mortgage.

Only five years ago, it was relatively easy to finance a home, but the Great Recession and the mortgage market's meltdown have made it difficult for many people to qualify for home loans.

But buyers beware, as the worst foreclosure crisis since the Great Depression drags down the National economy, the government is making only limited progress this year on proposals for sweeping changes in the home mortgage industry and rates.

Three years ago we chose a 3 year fixed rate mortgage for both — the condo was a great rate (2.10 %) and the house was at a higher (but still competitive) 2.60 %.

* For mortgages with terms 15 years and less and with loan to value ratios 90 percent and greater, the annual mortgage insurance premiums will be canceled when the loan to value ratio reaches 78 percent, irrespective of the length of time the mortgagor has paid the annual mortgage premiums.

Offer is only available on the fixed rate closed mortgages of 3 - year terms or greater for mortgage principal amounts of $ 75,000 or greater.

4 CIBC Wealth Builder Mortgage is only available on the 5 - year CIBC Variable Flex Mortgage and fixed rate closed mortgages of 3 - year terms or greater for mortgages of $ 75,000 or more.

Still, your ability to sniff out a great mortgage is crucial to your financial well - being as a future homeowner, because the decision you make could stick with you for a very long time, maybe even 30 years.

While the beginning of this year saw mortgage interest rates drop below 5 %, most rates for the coming months and the beginning of next year will hold steady right at 5 %, which is a great rate no matter how you look at it.

This is usually 25 years for a new mortgage, however it can be greater, up to a maximum of 30 years.

Lead Planet is a trusted lead generator that has been producing great mortgage leads online for over ten years.

In today's interest - rate environment where mortgage rates have been rising over the last year, being able to lock your mortgage rate up - front and not 6 - 24 months in the future is a great deal for the borrower.

Not to preach at all, but, Homerun has various investment avenues to substantiate their portfolio, but from what I have researched, their Pay Off Your Mortgage program has been running with great success for over 8 years now and I've spoken with two current and one previous client who all claim they have made 12 % religiously and paid down their mortgages significantly!

Whether you are looking for great 30 year mortgage rates for a home in the Bonnycastle neighborhood of the Highlands District, low 5 year ARM rates for a place in Werne's Row in Old Louisville, or unbelievable fha mortgage rates for a house in the South End, American Financial Resources is your low rate leader.

Which is why more than a few Canadian homeowners get a wee bit jealous when we hear about how our American neighbours can deduct their mortgage interest off their income each year for a great income tax deduction.

The rules now require the minimum qualifying rate for uninsured mortgages to be the greater of the five - year benchmark rate published by the Bank of Canada (presently 4.89 %) or 200 basis points above the mortgage holder's contractual mortgage rate.

Ted Michalos: No, it's based on the greater of the contract rate for the mortgage or The Bank of Canada's conventional five year fixed posted rate.

You can imagine that in some cases, the loan balance on a reverse mortgage might grow for many years, and it might even be greater than the value of the home itself.

For Canadians renewing a five - year mortgage, the difference between rates in 2014 and 2019 will likely be greater than the 2013 - 2018 timeframe, especially if the central bank continues tightening.

The new rule changes now require the minimum qualifying rate for uninsured mortgages to be the greater of the five - year benchmark rate published by the Bank of Canada (4.89 % today) or the contractual mortgage rate +2 %.

At the other end of the spectrum, a refinance loan is a great way for a consumer to roll all of their unsecured debts into one new loan, but it will typically take 30 years to pay off that new mortgage loan and the total cost could be high, given decades of compounding.

While interest rates haven't been very impressive in recent years (though, you'll be grateful for that when it comes time to get a mortgage), it's still great to have a dedicated account where you can see how you're progressing toward your goal.

Among those condo investors that did hold a mortgage, 27.2 % opted for a mortgage amortized for less than 25 years; 39.8 % chose an amortization of 25 years, while only 13.1 % selected a mortgage with an amortization that was greater than 25 years.

If you're not planning to stay in the house for 30 years and you think you will sell it before the mortgage adjusts, it might be a great option that can save you money over a fixed - rate mortgage.

For homeowners in the enviable position of having a stable income, this is a great year to ride out a variable - rate mortgage, if you've already got one, or to shop around for a cheaper, short term mortgage, says McListFor homeowners in the enviable position of having a stable income, this is a great year to ride out a variable - rate mortgage, if you've already got one, or to shop around for a cheaper, short term mortgage, says McListfor a cheaper, short term mortgage, says McLister.

During his 33 - year investment career, Mr. Luchsinger has served as Chief Investment Officer for Great American Reserve Insurance Company, where he was responsible for the management of corporate, mortgage, and private placement fixed income, as well as equity assets.

A thirty year mortgage is a great thing at these rates (I wish I could get a 50 year mortgage), especially if inflation returns to its historical averages of 3 — 4 % or higher, and if you can invest the difference between the monthly payments for the 15 and 30 year mortgage and earn more than 3.88 % on that money you will be much better off than if you'd gotten a 15 year mortgage.

Reverse mortgages offer many benefits and can be a great financial solution for homeowners 62 years of age or older, but it's important to review comprehensive reverse mortgage information before you decide to take this step.

As we noted last year in an earlier roundup of modern sheds, they are an great way to get more space without more mortgage, and the gateway drug for modern prefab.

If you have financial responsibilities for a certain period, such as a 10, 15, 20, or 30 - year mortgage, then term life insurance is a great solution.

Young believes this is likely a reflection of last year's more fast - paced market characterized by rapid price increases, bidding wars and a summer spike in mortgage rates which created a greater sense of urgency in completing a deal, leaving less time for understanding the process.

With allowances for mortgage lates with the past year or a housing / credit event greater than 24 months, combined with a debt to income ratio of 60 %, qualified borrowers may be able to access financing not available through traditional programs.

Sure, the overall price of a house might be higher than usual, but if the monthly payments are manageable then it's less intimidating to get into a 30 - year mortgage (which is a great thing for someone selling houses, by the way).

If you're considering only staying in your home for a few years, however, this is a great mortgage option that will save you money in interest.

A 15 - year, fixed - rate mortgage is a great tool for borrowers who can afford the higher payments while still saving and investing for retirement.

I've been writing this column for several years now, and I've covered a lot of in - depth information about the securitization swindle pulled by the major banks that led to the mortgage crisis and the Great Recession.

Adjustable Rate Loans are a great fit for home buyers who plan to sell or refinance their home between 5 and 10 years and are looking for the lowest possible mortgage rate available.

Under this scenario, our final costs for the $ 250,000 home we put 20 % down on are greater than both the fixed 30 - year and the fixed 15 - year mortgage.

«With mortgage - amortization periods capped at 25 years, coupled with the high cost of developable land in the Lower Mainland, micro suites are a sensible and cost - effective option for single people looking to purchase their first home,» says Peter Simpson, president and CEO of the Greater Vancouver Home Builders» Association.

The 30 - year FRM is a great instrument for borrowers who expect to retire in their current home, or who can not anticipate that they will have the capacity to make higher mortgage payments in the future.