Sentences with phrase «certain amount of mortgage loan»

Not exact matches

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — below 75 to 80 percent of the property value.

In order to meet the definition of a conforming loan, the mortgage must not exceed certain dollar - amount limits.

That's why the amount of accounts you apply for within a certain period of time — whether it be loans, mortgages or credit cards — will have an affect on your credit score.

Adjustable - rate mortgages may offer lower interest rates than fixed loans initially, but they adjust after a certain amount of time, such as two, five, seven or 10 years.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount - below 75 % to 80 % of the property value.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — below 75 % to 80 % of the property value.

Credit Grade Mortgage companies often grade your loan based on certain credit related items such as payment history, amount of debt payments, bankruptcies, equity position and your credit score.

Consolidation plans include home equity loans, second mortgages for the amount of the available equity, electing to only consolidate certain debts, and choosing a reversed mortgage for those home owners who are at least 62 years of age.

It's important to recognize that only certain types of accounts are monitored by credit reporting agencies, including credit cards; installment loans repaid at a fixed amount over a predetermined period of time, such as auto loans, student loans or mortgages; and retail accounts such as store credit cards.

A rate lock, also called a lock - in or rate commitment, is a lender's promise to issue a mortgage to you at a certain interest rate and number of points for a specific amount of time while your loan application is being processed.

Conventional Adjustable Rate Mortgages are set for a certain amount of time, but the interest rate changes over the lifetime of the loan.

Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amount — basically, the stamp of approval that you have the money, credit history, and other credentials to buy a home up to that price.

That is, if the lender makes a mortgage loan, it may require the borrower to pay a certain amount of discount points up front.

With an adjustable rate mortgage the interest rate on your loan is set at a lower amount initially for a certain period of time (1 - year, 3 - year, 5 - year, etc.).

A fixed period adjustable rate mortgage is has a fixed rate for a certain amount of time followed by an adjustable period through the remaining term of the loan.

Mortgage loans may also be sold as securities: investors buy securities that are backed by a group of mortgage loans with a certain amount and mortgaMortgage loans may also be sold as securities: investors buy securities that are backed by a group of mortgage loans with a certain amount and mortgamortgage loans with a certain amount and mortgagemortgage rate.

Prepayment Penalty: The fee paid to a lender if you pay off your mortgage loan before a certain amount of time has gone by.

Sometimes lenders want to see a certain amount of money in reserves in order to approve a mortgage loan.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount - below 80 % of the property value.

Fixed Period ARM's A fixed period adjustable rate mortgage is has a fixed rate for a certain amount of time followed by an adjustable period through the remaining term of the loan.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — at or below 80 % of the property value.

In order to get a mortgage loan for your new home, you need to have a certain amount of hazard insurance included in your home insurance coverage.

In order to meet the definition of a conforming loan, the mortgage must not exceed certain dollar - amount limits.

Mortgage loans are approved based on assuming a certain amount of risk.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount - below 75 % to 80 % of the property value.