That's because she's considering selling her Toronto condo when she moves at age 50 and perhaps taking out an equity line of
credit on her condo to pay off the new home in the smaller city completely.
If you and your spouse are retired or work less than 24 hours a week you're eligible for
a credit on your condo insurance premium.
Not exact matches
Ann thought the renos, funded partly
on credit and spaced out over a few months, would boost her
condo's value.
Saddled with two mortgages, rising
condo fees and a flat income, she continued relying
on credit cards.
She is disrespectful and thinks her mother owes this to her for all the problems she brought upon herself, including high
credit card balance etc. she is a real time loser that will never win and my wife cant see this so she is giving her the 15,000.00 to buy the
condo that she will default
on and be
on the front porch asking for more.
Lower down payments for buyers, lower home equity for refinancing homeowners and lower
credit score requirements are the appealing parts of FHA loan guidelines for
condo owners; but unless a
condo development is also
on the FHA approved list, an FHA - insured loan can not be approved.
«It was a no - frills seminar by a builder who offered buyers as much as 13 %
credit towards a 20 % down payment
on a
condo unit,» recalls Jason.
Still, in other areas the down payment
on a
condo can be as little as 5 percent for those with excellent
credit.
«I figure I can then rent out my Toronto
condo for about $ 2,300 a month and make payments
on the equity line of
credit from that rental income until the equity line of
credit is paid off,» says Sarah.
If you have low - to - middling
credit scores, a high loan - to - value ratio, and / or other monkey wrenches like a manufactured home or
condo, HARP may be better than traditional financing — there is a 2 % cap
on fees, while normal refinances can have much higher surcharges depending
on the strength of your application.
Ann thought the renos, funded partly
on credit and spaced out over a few months, would boost her
condo's value.
I have the line of
credit for emergencies, though I don't expect many — both
condo and car are
on warranty.
These fully - equipped Maui vacation
condos on the Wailea Blue Golf Course include free parking, wi - fi and phone calls, housekeeping, Concierge, $ 155 dining and spa
credits and a Maika'i grocery discount card.
The legislation creates a 200 megawatt community solar garden program for the state which would enable renters,
condo owners, businesses that lease space, and those who may not have suitable roofs for solar panels the opportunity to sign up to participate in a community solar garden and receive a
credit on their utility bill for their portion of the clean energy produced.»
Valuable
credits and savings can save you up to 20 %
on your
condo owner's insurance and 5 %
on auto coverage.
Rates vary for insurance policies depending
on your location,
condo value, and deductible, as well as other factors like your marital status and
credit score.
With a solid
credit score and a little maneuvering
on your part, you can get an excellent deal for coverage
on your home,
condo, or loft.
You could also receive a better premium rate
on your renters insurance if you have a good
credit score and take a little safety initiative around your apartment or
condo.
American Express is letting buyers of certain
condo properties in New York City charge the down payment
on their
credit card and earn points in a pilot program with real estate brokerage Moinian Group.
Excess funds from a Special Assessment must be either (1) refunded to the
condo unit owners or (2) applied as a
credit on the
Condo Books for future assessment needs.