Sentences with phrase «credit on an existing property»

Not exact matches

For instance, a poll conducted in December 2010 for the Insurance Brokers Association of Ontario on the use of credit scores by property insurers found 75 % of consumers didn't even know the practice existed.

When you first obtained a mortgage you needed to fill out an application, verify your income, obtain a credit check, verify the status of the existing mortgage, verify the property title and get an appraisal (depending on the loan to value this may just be a drive by appraisal) among other things.

When the bank or credit union forecloses on the property they are looking to recover the $ 160,000 they are out from the existing note.

They do not look at credit but rather the existing debts on a property when making a lending decision.

Private lenders of bad credit mortgages will look at existing debts on a property as opposed to credit score.

I applied for the Ontario senior homeowners» property tax grant on form ON479, even though I realize our income is too high for the existing property tax credit.

Interest rate typically ranges from 7 % -15 % depending on the value of existing mortgages, credit score, income and the property's condition among other factors.

Instead of looking at credit, private lenders will look at the existing debts on a property when making a decision to provide a mortgage.

Private lenders do not prioritise credit score, to them the most important figures are the home price and the existing debts on the property.

If there is an existing second mortgage on the property, such as a Home Equity Credit Line, the entire lien must be subordinated at refinance.

As far as the language that I used on my site, contrary to what you «think» you may know about me and what financial resources that are available to me, if there is a property that I really do want to purchase and it is within my budget, I will use my credit, tax returns from my already existing business, and money that I have saved up to get a loan and do so.

2d 651) holding that no cause of action exists under the Property Condition Disclosure Act; court finds buyer entitled to $ 500.00 credit under RPL § 465 (1) where seller delivered an incomplete Property Condition Disclosure Statement; seller failed to perform the duty to deliver a Disclosure Statement pursuant to the PCDA when the statement was incomplete; cause of action exists under RPL § 462 (2) for willful failure to perform the requirements of the PCDA where (i) a deliberate misstatement or misstatements in a fully completed and timely delivered PCDS regarding the defective condition complained of (ii) that would tend to assure a reasonably prudent buyer that no such condition existed, and (iii) which a professional inspector might not discover upon an inspection of the premises that would meet generally accepted standards in the trade; definition of «willful failure to perform» acknowledges legislative intent not to alter the respective burdens of the buyer and seller in the transactions; statutory cause of action replaces buyer's burden of having to plead and prove the seller's active physical concealment of the condition with proof that the misstatement about the condition on the PCDS was deliberate

2d 651)-- remedies provision of the Property Condition Disclosure Act are unenforceable beyond the requirement to give a $ 500 credit at closing should the seller refuse to provide the form, thereafter, common law or statutory remedies, if any, are available; information contained in the disclosure statement survives neither contract nor closing; seller answering «unknown» on the disclosure form triggers a duty to inquire on the part of the buyer and relieves the seller of any potential liability for defects that arise in regard to the part of the premises covered by the question; any information disclosed during the sale of the property merges into the contract and does not exist on its own basis of a common law cause of action; buyer's action based on breach of the disclosure statement is dismissed on the grounds that no such cause of action is created by RPL Article 14; buyer's relief exists under common law contract theories and buyers have not proven their prima faciecase under those Property Condition Disclosure Act are unenforceable beyond the requirement to give a $ 500 credit at closing should the seller refuse to provide the form, thereafter, common law or statutory remedies, if any, are available; information contained in the disclosure statement survives neither contract nor closing; seller answering «unknown» on the disclosure form triggers a duty to inquire on the part of the buyer and relieves the seller of any potential liability for defects that arise in regard to the part of the premises covered by the question; any information disclosed during the sale of the property merges into the contract and does not exist on its own basis of a common law cause of action; buyer's action based on breach of the disclosure statement is dismissed on the grounds that no such cause of action is created by RPL Article 14; buyer's relief exists under common law contract theories and buyers have not proven their prima faciecase under those property merges into the contract and does not exist on its own basis of a common law cause of action; buyer's action based on breach of the disclosure statement is dismissed on the grounds that no such cause of action is created by RPL Article 14; buyer's relief exists under common law contract theories and buyers have not proven their prima faciecase under those theories

PREIT, CBL & Associates Properties, Macerich, Glimcher Realty Trust and Equity One have all recently been able to refinance lines of credit or mortgages on existing properties.