Sentences with phrase «cent mortgage»

A $ 400,000 home requires a down payment of $ 100,000 to secure a traditional 75 per cent mortgage.

Whether an 8 3/4 or 9 1/2 per cent mortgage rate is a real bargain in a country with an underlying rate of inflation of 2 per cent is an open question, but the public seem to think it is.

Their 2.2 per cent mortgage costs them about $ 1,610 per month to service.

An exception to the rules was made for the Epsom and Ewell MP because he was unable to obtain a 100 per cent mortgage on the flat.

My first loss to another broker came in the «80s, just as we were on the backside of the 21 per cent mortgage interest rate nonsense, had suffered through wage and price controls and grumbled at the National Energy Policy.

They could get a 25 - year, 3.5 per cent mortgage with payments of $ 2,250 per month, a sum less than their present monthly mortgage payment of $ 2,600, plus the $ 1,083 they pay for the rental condo.

Their 2.2 per cent mortgage costs them about $ 1,610 per month to service.

So if you have a car that's valued at $ 5,000, you would only need an extra $ 400 to qualify for a minimum, two - per - cent mortgage on a $ 269,800, one - bedroom condo.»

Who can forget 21 per cent mortgage interest and the then Disclosure of Interest in Trade, introduced by a right wing provincial government, serious about requiring licensees disclosing their interest when buying and selling real estate.

Under these rules, the average millennial homebuying budget fell to $ 203,246 under a 5.14 per cent mortgage rate, a drop of $ 40,103 or 16.5 per cent, according to the study.

If banks are extending credit limits that are too high so that a poor guy gets a 90 or 95 per cent mortgage, then all of a sudden there is a drop of 20 per cent in the market and he has to renew his mortgage, he is done like dinner.

Will it be three per cent mortgages?

First - time buyers can get on the ladder via five per cent mortgages and Conservative voters in expensive Surrey houses can go back to seeing the value of their asset double every decade.

Compare that to paying down the principal of a two per cent mortgage, which is equivalent to earning a guaranteed three per cent return before tax for someone in a 33.5 per cent tax bracket.

The firm figured that, based on certain assumptions, about 650,000 current renters under 50 years old could afford to carry a $ 350,000 mortgage (which is about 10 per cent less than the average resale price in the country), assuming that they put 20 per cent down on an uninsured 30 - year mortgage with a 3.75 - per - cent mortgage rate.

Prior to the introduction of mortgage stress testing, buyers in this group who qualified for a 3.09 per cent mortgage rate could afford a maximum homebuying budget of $ 243,349, including a 20 per cent down payment.

For example, you take a 75 - per - cent mortgage and the seller agrees to hold 10 per cent of the 25 per cent required down payment, for a premium.

It's becoming more difficult to get that 2.99 per cent mortgage.»

Your 75 - per - cent mortgage would be $ 833,325 with monthly payments of $ 3,944 or $ 47,324 annually.

If you had a deposit of that amount, and could get a 90 per cent mortgage, you'd have # 251,550 to spend on a house.