Sentences with phrase «because access to mortgage»

I would argue that the first - time buyer share is lower than historical averages because access to mortgage credit is particularly tight for younger buyers.

Not exact matches

That's because this is a community that's close to downtown, with easy access to students (to help you lease that mortgage helper).

While banks as a group aren't the most exciting or dynamic choice for your mortgage loan, institutions like Chase remain popular because they provide easy access to brick - and - mortar service.

The ideal down payment is 20 % of the home price because it will give you the best chance of getting approved, along with access to lower mortgage rates and lower upfront and ongoing fees.

Borrowers refinancing into FHA from the subprime market are better off, even with slightly higher mortgage insurance premiums, because FHA insurance gives them access to substantially lower interest rates, and lowers their overall mortgage costs.

Mortgage standards for the High - Balance Loan Program are relaxing, and borrowers in high - cost areas should get access to lower rates because of it.

While banks as a group aren't the most exciting or dynamic choice for your mortgage loan, institutions like Chase remain popular because they provide easy access to brick - and - mortar service.

I like to do business with mortgage brokers because they work with multiple lenders and have access to a wide array of loan products, which means more options to choose from.

Because profile creation involves entering a valid Social Security Number and responding correctly to «challenge questions» that verify identity (such as confirmation of mortgage carrier or recent payment amounts), your client might need to access financial records before registering.

This is because the brokers have online access to all the important information with regards to mortgage, its types, the current rates, and the procedure involved.

Equity Key, or Equity Exchange Program, works very similar to a bank reverse mortgage because the program allows seniors aged 65 to 84 to access their home equity without incurring additional debt.

There's no easy way to address the «refinancing ratchet effect,» the study said, because the three factors that can lead to trouble — declining interest rates, rising home prices, and easy access to mortgage loans — are «benign market conditions» often seen as indicators of economic growth.

«If the land or cottage doesn't have year - round access we simply can not finance the purchase, because the risk of not being able to resell can be quite high,» says mortgage specialist McMullen.

Because this is an insured mortgage they will be able to access better rates with some lenders.

Namely, that a reverse mortgage can be accessed from age 62 or older, when many retirees need access to additional funds to secure their quality of life, and that these home loans can eradicate the monthly payment of the original mortgage (because they are not paid until after you die), freeing up further cash flow.

Rob McLister, a mortgage broker at IntelliMortgage and founder of RateSpy.com, said he expects the other big banks will quickly move in lockstep because of a massive sell - off in the bond market that has made it more expensive for banks to get access to cash.

You don't have anything to lose because Calculator Pro's Private Mortgage Insurance (PMI) Calculator is free and you can access it anywhere in the world, 24 hours a day and seven days a week, where you can get a solid Internet connection!

Loan professionals like internet mortgage leads because the conversion rates are pretty good and mortgage executives like them because they are cost - effective and easy to access.

I'm still trying to wrap my mind around the fact that mere listers can take the mandatory courses for the sole purpose of obtaining valid recognition as a real estate practitioner but have no need to actually understand the nuances of representation or property law; bylaws; mortgages etc., or desire to keep abreast of those because they their sole purpose is to flog access to the MLS system without commitment to the customer.

Mortgage brokers are another good option because they have access to a wide range of loan products — but do some research before settling on one.

Since most mortgages were discharged on closing, I saw no need for all and sundry to have access publicly to that seller information, on an MLS listing, much less even for years into the future, because the information had been reproduced in the MLS catalog or computer MLS offering.

NAR and a coalition of mortgage industry and consumer groups have gone on record strongly opposing the imposition of such a line, because it would preclude many of the existing products and activities designed to increase access to mortgage credit, lower the costs of homeownership, and foster innovations in home financing.

An important feature of the loan is that because a reverse mortgage is a non-recourse loan, the home is the only collateral that the lender may access to pay off the loan balance.

«Technology is a great resource for buyers because it gives them access to online property listings, as well as allows them to preview homes and find reviews on real estate agents and mortgage lenders.

Today's mortgage rates are low, but because of loan - level pricing adjustments, not all borrowers will get access to the Freddie Mac published rates.

Because the reverse mortgage is a non-recourse loan, the home is the only asset that can be accessed to repay it.

Tightening access to mortgage insurance is a no - brainer because it will encourage more discipline among buyers and lenders.

Soper says the Canadian housing market differs from the situation in the U.S. because «credit - worthy Canadians continue to have wide access to fairly priced mortgages.