Sentences with phrase «covered by the mortgage»

Since home equity is based on the value of the home not covered by a mortgage, it can be as much as $ 100,000.

Also, since equity relates to the value of a home that is not covered by a mortgage, the size of the equity can be extremely high.

This is the share of the value of a home that is not covered by the mortgage balance, but is actually owned by the applicant.

In 2014, market rebounded and 14.8 % or $ 176 billion of all mortgage originations were covered by a mortgage insurance policy.

Not to be confused with amortization, mortgage term refers to the time period covered by your mortgage agreement.

All high - ratio mortgages must be covered by mortgage loan insurance (also known as «mortgage insurance»).

The rest must be covered by a mortgage loan.

The remainder will be covered by the mortgage loan portion.

The quiz was inspired by TSB Bank plc v Botham [1995] EGCS 3, in which the mortgagees in possession claimed that certain items in the flat they had repossessed were fixtures and as such were covered by their mortgage and could be sold to the buyer from them.

In an admiralty action in rem and in personam, Lakeland Bank v. Never E Nuff (Ship), 2016 FC 1096, the Federal Court dismissed the action in personam on a US mortgage, registered in New York State, against the mortgagor, a U.S.based former owner of a 38 - foot pleasure craft and against its innocent purchaser for value without notice in Canada and dismissed the purchaser's counterclaim for abuse of process, but ordered the return of a trailer and other personal items, which had been arrested in Canada with the pleasure craft, but were not covered by the mortgage.

In 2014, market rebounded and 14.8 % or $ 176 billion of all mortgage originations were covered by a mortgage insurance policy.

If proceeds from the sale of the home are less than what the homeowner owes for the reverse mortgage loan, then HUD will pay the remaining balance of the loan, which is covered by the mortgage insurance.

We have two properties ready to close with short appraisals, which can mean the buyers have to come up with any extra money not covered by the mortgage amount based on the appraisal.

This addendum refers to the Future Advance Clause of the mortgage agreement and the parties signing the Rider specifically agree that any future advances made will not be covered by the mortgage instrument.

In other words, if your mortgage is filed for $ 200,000 and you're advancing $ 225,000, the additional $ 25,000 would not be covered by your mortgage.

Not exact matches

Since 2007, Canada's largest banks have enthusiastically issued something called covered bonds, which are backed by residential mortgages.

Last week, for example, TD Bank sold US$ 3 - billion worth of bonds covered by residential mortgages yielding 1.571 %, or quite a bit lower than 2.99 %.

«In D.C. you can cover the mortgage portion of your housing payment for the space by renting it out,» said Stokes.

In other words, the entire mortgage value is covered by the insurance policy.

The Federal Reserve pumps money into the banking system by purchasing bonds and, when the system breaks down, makes enormous bailout payments to cover the bad debts run up by banks and other institutions to mortgage borrowers, businesses and consumers.

Overextended on their mortgages and beset by depressed home values, they didn't make enough from their insurance payouts to cover their debts.

Most of the asset - backed securities in the dataset are underpinned by residential mortgages, covering around $ 400 billion of mortgages or about one - quarter of the total value of housing loans in Australia.

Trustee practices are under the microscope in Justice Kapnick's courtroom because Bank of New York Mellon is the trustee overseeing all 530 Countrywide mortgage deals covered by the proposed $ 8.5 billion settlement.

Another way to qualify for a conforming loan with a lower credit score is to save money: Fannie Mae's eligibility matrix drops the minimum credit score by 20 points if you can show that you have enough assets to cover 2 to 6 months of monthly mortgage payments.

If they're unable to make the mortgage payments and the outstanding mortgage can not be covered by your estate, the person that inherited the house will have to sell it and pay back the mortgage.

At the same time, it is not out of the question that we may be quietly allowing U.S. banks to go insolvent without disclosure, covering the losses over time out of wide interest spreads on existing loans, and that we may be able to avoid outward evidence of mortgage deterioration simply by allowing the Treasury to go further and further into deficit on behalf of the GSEs.

Contract mortgage rates released by Freddie Mac, which covers all originations that it purchases, track the rates on purchases of newly built homes reported by the FHFA closely.

RATHER THAN THE GOVERNMENT PROSECUTE THESE FRAUDSTERS (Strategic Defaulters who are gaming and gaining off the System, and damaging the Economy by their thefts, and I know a woman doing this on her 3 homes, not paying any mortgages while she hides her money), OUR GOVERNMENT HAS RIGGED A SYSTEM TO COVER THE BANKS» LOSSES BY PAYING NO INTEREST ON RETIREES» SAVINGby their thefts, and I know a woman doing this on her 3 homes, not paying any mortgages while she hides her money), OUR GOVERNMENT HAS RIGGED A SYSTEM TO COVER THE BANKS» LOSSES BY PAYING NO INTEREST ON RETIREES» SAVINGBY PAYING NO INTEREST ON RETIREES» SAVINGS.

Once home prices started to fall, sometimes from overheated speculation by those who thought home prices would continue going up, purchasers had to sell off their mortgages at a loss (or go into default) in order to cover their losses.

The kind of broke when businesses and economies slump, dragging incomes down with them, when babies are born without insurance and ginormous hospital bills go unpaid for far too long and interest heaps on, when businesses die and new jobs can't be found, when mortgages can only be covered by the good grace of family members, and when food is bought on credit or gift cards from kind friends.

A bill sponsored by state Sen. Terry Gipson would only allow expenditures «promoting the nomination or election of a candidate» or for carrying the duties of public office, and would more clearly define the «personal use» ban to cover a range of specific non-campaign-related expenses, including mortgage and rental payments, clothing, cars and sporting events and concerts.

Rick is simply an opportunist, and this booming opportunity has been handed to him by the banks through adjustable - rate mortgages, the federal government through lax regulations, and the needs (taking a reverse mortgage to cover hospital bills) and wants (adding an unnecessary but stylish patio to a house) of ordinary people.

Because the fund's investments in covered bonds may be secured by a pool of financial assets that include mortgages and public - sector loans, the fund may be indirectly exposed to the risks posed by mortgages and / or public - sector loans.

Secure Start can help take the worry off your shoulders by covering your mortgage payments — up to $ 4,000 per month for up to 24 months.

Mortgages work by allowing you to buy a home, but should you default on the loan, the bank is allowed to seize, foreclose, and auction the home to cover the costs of buying the property.

All this was covered by her reverse mortgage.

The life insurance sold by banks to cover mortgage debt shrinks with the debt, and disappears if you change lenders.

Some of the paper covers territory long ago identified by Canadian retirement guru Malcolm Hamilton, who repeatedly argued that many retirees would need to replace closer to 50 % of their working income than the 70 or 80 % the financial industry portrays — just because many costs disappear later in life: mortgage payments, raising and educating children, commuting and clothing costs, and even retirement saving itself and the high taxes that accompany high earning.

Although FHA borrowers pay premiums for covering FHA mortgage insurance, the FHA has incurred dramatic losses in the past few years, and is attempting to rebuild its reserves by preventing future foreclosures.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

HECM reverse mortgage loans are covered by the government insurance.

To make sure you have enough to cover this cost, your lender will require you to pay an extra $ 500 each month — 12 months multiplied by $ 500 a month equals the $ 6,000 you need — with your mortgage payments.

Origination fees, or a fee charged by a reverse mortgage lender is charged when entering a loan agreement, to cover the cost of processing the loan.

The clients that we typically work with (working - age people with families, student loans and mortgages) can normally cover their immediate financial obligations through term coverage, and are able to deal with final expenses after retirement effectively by putting a dedicated savings plan into effect.

(Defaulted mortgage amounts are theoretically covered by premiums but any shortfall has to be made up by the government.)

Rather than taking a flat payout amount, take enough of a policy only to cover the specific needs you expect - for many people, this is defined by the amount needed to cover funeral expenses only + possibly their outstanding mortgage balance.

FHA covers this program by charging mortgage insurance every month that's part of your house payment.

If you stay put, you can cover essential expenses by borrowing against it with a reverse mortgage or home equity line of credit — albeit only as a last resort.

Luckily, they've avoided mortgage problems because they had a Plan B in case rates increased: they made it work by somehow having more money waiting in the wings to cover any eventualities such as rate adjustments.

Mortgage bonds offer the investor a great deal of protection in that the principal is secured by a valuable asset that could theoretically be sold off to cover the debt.