Sentences with phrase «continue making the mortgage payments as»

Not exact matches

Strategic defaults have become more common as some homeowners have found that they can't — or won't — continue to make mortgage payments while being underwater.

Looking back at our own financial situation in 2013, we did stick to the basics and continue to grow our net worth — we continued to make extra payments on our mortgage, we contributed money towards my wife's tax free savings account (TFSA) and we managed to keep our monthly expenses as low as possible.

Despite economic upheaval and forward mortgage lending issues, reverse mortgages have continued to grow as a safe, government - insured loan allowing seniors to access a portion of the equity in their homes while not having to make a monthly mortgage payment.

«Dear Steve, Divorced husband kept mortgage as long as I made payments which I have continued to do so.

And it would impose a substantial tax burden on existing home buyers, many of whom continue to stay current with their mortgage payments even as they struggle to make ends meet.

The trend continued through all buyers with a mortgage, as 62 % made a down payment of less than 20 %, which is consistent with findings from December.

If you own real estate, you will need to continue to make your regular monthly mortgage payments as well.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

The Federal Trade Commission (FTC) says consumers should continue to make their mortgage payments as usual.

When a buyer assumes a mortgage, he will continue to make the same monthly payments at the same interest rate as the seller was doing for the remaining term of the mortgage.

As a practical result while you do not owe the money you borrowed, based on the promises in the mortgage, if you do not continue making monthly payments, the lender will begin foreclosure proceedings.

As you continue to make secured debt payments (i.e. mortgage, car loan, etc.) on time, your credit score will continue to improve.

Mr. Sellers continues to make his 5.5 % monthly interest and principal payment to the original lender on the $ 70,000 mortgage and pockets the difference as profit.

A HECM enables seniors to access a portion of their home's equity without having to make monthly mortgage payments as long as they live in the home as their primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to FHA requirements.