Sentences with phrase «certain loan to value ratio»

Homeowners are generally required to have an escrow account until a certain loan to value ratio is met.

Not exact matches

After paying down a certain portion of a mortgage — or after reaching a certain loan - to - value ratio, usually 80 % — homeowners can draw on the funds they've put down through a HELOC.

After paying down a certain portion of a mortgage — or after reaching a certain loan - to - value ratio, usually 80 % — homeowners can draw on the funds they've put down through a HELOC.

The updated basics are that the loan to value cap has been lifted, certain fees in certain situations have been removed and for borrowers who have loans owned by Fannie or Freddie and who have not been delinquent more than 1 x 30 days in the past twelve months (0 x 30 in the most recent six months) they may find refinancing available to them even if they are underwater on their mortgage to equity ratio.

Lenders may want or require 20 % (or any other amount) down so the loan will meet certain «loan to value» ratio requirements.

A HELOC lender only allows a certain percentage of the loan - to - value ratio for a HELOC credit line, often ranging from 80 to 90 %.

You have to appreciate the certainty here, and, well, the company should be certain with approximately half of the one - to four - family loans in its portfolio carrying a current loan - to - value ratio of greater than 100 %.

Moreover, the strong loan - to - value ratio on these loans should ensure that my principal is returned on loans that fail, although return of interest payments is less certain.

Lenders must obtain a metric called LTV or loan to value ratio to decide whether to lend to certain individuals or not.

As of August 18, 2017, Fannie Mae allows lenders to receive a Property Inspection Waiver (PIW) on certain one - unit principal residence and second home purchase transactions with loan to value ratios up to 80 %, rather than a tradition in - person appraisal.

Like a normal home loan, you can only pull out equity to a certain limit, but instead of a loan - to - value ratio (LTV), this max amount is known as the principal limit factor (PLF).

Rates above are available for loan amounts over $ 2,000 and are subject to meeting certain underwriting criteria, such as owner occupancy and loan - to - value ratio.

Note that certain home loan products at Fannie Mae or Freddie Mac also look at HCLTV, which is the home equity combined loan to value ratio.

Previously, certain FHA loans with a loan - to - value ratio of 78 percent or less were exempt from MIP payments.

It is complicated, and requires extra money out of your pocket up front in the transaction, for you to get a mortgage outside of a certain loan - to - value ratio.

When the market was hot, she explains, lenders granted exceptions to policies such as certain loan - to - value ratios in order to win business.