Sentences with phrase «borrower age and interest»
All new borrowers will see the total amount available to them decrease depending on borrower age and interest rate.
https://reverse.mortgage/ Not exact matches
The amount an individual will receive as a loan will depend on the value of the home, the age of the youngest borrower or eligible non-borrowing spouse, and current interest rates.
The Principal Loan Limit is determined by the age of the youngest borrower or non-borrowing spouse, the expected average interest rate, and the Maximum Claim Amount.
The principal limit is determined by multiplying the home value (up to $ 679,650 as of 2017) by the principal limit factor, which is determined by the age of the youngest borrower and the average interest rate.
The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit.
FHA - insured reverse mortgages are limited to $ 679,650, with actual amounts based on the borrower's age and current interest rates.
These include your age, the number of borrowers on the application, the value of the property, the type of loan you are getting, current interest rates, and an assessment of your ability to pay homeowner's insurance and property taxes.
Currently the vast majority of loans for Fixed Rate product on the market as of today are being offered around 4.99 or 5.06 % interest rates which put those loans right at the floor and allow for borrowers to receive the max potential dollar amount based on their age.
The amount of money available depends on the borrower's age, home value, and current interest rates.
A bigger challenge for young and middle - aged Canadians, added Vettese, is the low interest rate environment and the impact that the aging population is having on the balance between savers and borrowers, despite efforts by government to stimulate the economy.
The amount of money a person can get from a reverse mortgage depends on the age of the youngest borrower, home value, and current interest rates.
The maximum amount a homeowner can borrow using a reverse mortgage is calculated based on the value of the home, the youngest borrower's age, and the interest rate that will be charged on the loan.
The amount of money available from a reverse mortgage is based on the age of the borrowers, interest rate, and property value.
The amount of equity you can access with a reverse mortgage is determined by the age of the youngest borrower, current interest rates, and the value of the home.
Although a creditworthy cosigner is not always required, borrowers who have not reached the age of majority in their state of residence or who have little to no credit history are encouraged to apply with a qualified cosigner to improve the chance of being approved and lower their interest rate.
With a reverse mortgage, there are a number of factors input into a calculator and the borrowers» benefit amount or Principal Limit are determined based on the borrowers» age (s), the value of the home or the HUD lending limit (whichever is less), and the interest rates in effect at the time.
With a reverse mortgage home loan the amount is determined by a formula that considers the borrower's age, current interest rate, and the lesser of the appraised value of the home, sale price or lending limit.
The cash you can potentially receive is based on the age of the youngest borrower, the current expected interest rate, the mortgage option selected, amount of home equity and the appraised value of the home.
The amount that you can borrow is based on current interest rates, the lesser of the home's appraised value or the FHA loan limits for the area; and the age of the borrower (s).
Borrowers can receive 50 % to 66 % of the value of their equity depending on their age and interest rate, which is generally about 5 %.
A home's equity is taken as collateral, with the amount of money a person receives tied to a number of factors: the maximum lending limit, sale price, age of the youngest borrower on the title, as well as interest rates and the home's value.
In fact, the only things taken into account are the age of the youngest borrower, the appraised value of the home and the current federal interest rate.
The amount a borrower is eligible to receive depends on the age of the youngest borrower, property value, current interest rates, and any existing mortgages or liens that must be settled at closing (existing mortgages can be paid with proceeds from the reverse mortgage).
The PLF is determined by the age of the youngest borrower and the loan's expected interest rate.
FHA - insured reverse mortgages are limited to $ 679,650, with actual amounts based on the borrower's age and current interest rates.
This amount is dependent on a number of factors including the age of the borrower, the appraised value of the home or FHA mortgage limits in the area, and the current interest rate.
The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit.
The balance you are allowed to have may vary depending on the home's value, borrower's age, and the loan's interest rate, among other factors.
Interest rates for manufactured homes vary from low FHA insured mortgage rates to the higher rates based on the age and size of the home, the amount of the loan, the amount of the down payment, the term of the loan, the site location, and the borrower's credit.
The amount you can receive depends on the age of the youngest borrower, current interest rates, and the lesser of the appraised value of your home, the sale price or FHA maximum lending limit.
The PLF is a function of the age of the youngest borrower and the «expected interest rate.»
The PLF is determined by the age of the youngest borrower and the loan's expected interest rate.
The amount an individual will receive as a loan will depend on the value of the home, the age of the youngest borrower or eligible non-borrowing spouse, and current interest rates.