Sentences with phrase «decisions about their mortgage»

When a lender makes a decision about a mortgage application, they consider two basic factors: 1) your ability and 2) your willingness to repay the loan.

Get help with your Decision About Mortgage Refinancing.

According to the Financial Consumer Agency of Canada the code is part of an effort to help borrowers know what they are getting into when it comes to making informed decisions about their mortgages.

Such a convenience will make it possible for homeowners to make informed decisions about their mortgage situations.

Other decisions about a mortgage involves the choice between a variable rate, which involves a fluctuating interest rate; and a fixed - rate mortgage, which as the name implies, means you pay a fixed interest rate for a set term such as three, five or 10 years.

«Despite daily warnings in the media about mortgage indebtedness — or maybe because of them — Canadians are making responsible decisions about their mortgages and they're exhibiting confidence in their own situations,» says Jim Murphy, president and CEO of CAAMP.

Not exact matches

Whether you're shopping for a car loan or the right mortgage or are trying to find the right financial planner or investment vehicles, you'll be able to make decisions wisely and confidently when you have learned as much as you can about the topic.

Providing consumers with more resources would put them in a position to make informed decisions about whether to finance their home purchases with readvanceable mortgages.

The authors, however, assert that bubbles can lead to too - high expectations about future housing, which will prevent mortgage lenders and securitizers from making optimal decisions.

So, now that you know a little more about ARMs and fixed - rate mortgages here are a few things you should consider when making a decision about which mortgage will best suit your needs:

The more you understand the specifics of your lender's rate lock, the better decision you can make for yourself about when to take the plunge and lock the rate on your mortgage.

Once you're armed with knowledge of your current mortgage balance, your current mortgage rate and what's left of your loan term, you can make an educated decision about whether you can benefit from a refinance.

It is a very good idea to play around with the numbers before you make any decisions about refinancing your mortgage loan or applying for a new home loan.

The idea is that, unlike for men, owning a home means more to women than just an investment — and that emotional response leads us to make silly decisions about real estate and mortgages.

The entire purpose of the counseling session is to provide you with yet another source for obtaining information and clarity about all your options, in order to ensure that you are able to make an informed and knowledgeable decision about whether or not a reverse mortgage can help your situation.

Like mortgage brokers, auto lenders factor credit heavily when making decisions about car loans.

Most of all, a rising rate environment calls for decisiveness about mortgage decisions.

When you only have one mortgage quote to consider, you aren't getting all the pieces of information you need to make an informed decision about a home refinance or purchase.

The Credit Sesame mortgage & refinance center is not an online lender, but we wanted to include it because they feature a collection of tools to help you make informed decisions about your next home mortgage or refinancing your current home loan.

For a decision as important as a home equity loan, borrowers take the time to do their research about the product, speak with their reverse mortgage professional about their concerns, and review their finances to be sure that this loan is right for them.

Mr. Whitfield summed up his satisfaction with the family's decision to learn more about the reverse mortgage industry, saying, «Our golden - years suddenly really feel golden.»

Sufficient information about the adjustable rate mortgage in comparison to the fixed rate mortgage should allow the home shopper to make an informed decision.

Credit decisions for just about anything, car loans, credit cards, home mortgage loans all depend on your credit score.

After taking inventory of your debts, credit score, income and other monthly bills, you can make an informed decision about the terms of your mortgage.

Let alone the easiest of situations to imagine (she's late on the rent, she loses her job and can't pay, etc) you'll be forced to make decisions about how much your desire to love and care for her outweighs your need to pay your mortgage.

When making final decisions about refinancing options, it is imperative to compare the current mortgage with the estimated costs of the refinanced mortgage.

Yeah, the decision about buying a house with cash or a mortgage changes with age, as the forward investment period reduces and peoples» risk appetites definitely change over time.

If you don't have much to show in terms of credit, lenders won't be able to make a decision about your future mortgage.

However, I'm not sure there are many people at that stage, and those who are financially, usually got there by caring about the optimal financial decisions and hence would probably still go with the mortgage option!

A lie that influences a bank's decision — about whether, for example, to approve a loan, accept a reduced payoff amount, or agree to certain repayment terms — is mortgage fraud.

Reverse Mortgage Counseling We help to educate seniors on the benefit, consequences, option and process of obtaining a home equity conversion mortgage, and enable them to make a more educated decision about whether this type of loan is right fMortgage Counseling We help to educate seniors on the benefit, consequences, option and process of obtaining a home equity conversion mortgage, and enable them to make a more educated decision about whether this type of loan is right fmortgage, and enable them to make a more educated decision about whether this type of loan is right for them.

So even with mortgage time durations that average at 20 years, which is quite less than its US counterpart, the mortgage applicants are still left in two - minds about their original decision of ever applying for the loan!

While the Government pushes lenders to offer more credit, especially in the small business and mortgage worlds, ultimately it's still a commercial decision from firms about whether they want to lend.

Using the helpful links and articles on this site, you will discover everything you need to know to make an educated decision about reverse mortgages, including:

If you're not sure about your decision, don't hesitate to contact a financial advisor, there are also many online sites offering advice on mortgage and mortgage refinance.

Information about reverse mortgage pros and cons could help seniors make better financial decisions.

Still, only by being aware of the reverse mortgage pros and cons as well as all alternative options can older homeowners make a wise decision about reverse mortgages.

Research thoroughly about the mortgage rates, terms, amortization and other related factors before you make a final decision.

No decision about obtaining a reverse home mortgage, however, should be made without consulting a reverse mortgage specialist or financial planner.

Whatever your situation is, if you are thinking about refinancing your home mortgage, or you have already thought about it but you have not made a decision yet, there are some things that you should consider before giving that step.

The more you communicate and talk with your lender or broker about different Canada mortgage options, the more is a chance that you will end up with a mortgage that really turns out to be the best financial decision you take!

Learning about PMI prior to making an offer on a house or refinancing your mortgage can help you make the best decision for your financial situation.

Before making any decision about refinancing to nail down a stable rate, get out your loan documents, find the Adjustable Rate Mortgage Rider, and look up the terms of your ARM.

The poll found that just over half of buyers were aware of the latest mortgage qualification changes and about one in five noted that the latest changes affected their purchase decision.

Your credit report provides the only way for strangers to make certain decisions about you — potential landlords, insurance companies, mortgage lenders, car finance companies, credit card issuers, and even employers.

Providing consumers with more resources would put them in a position to make informed decisions about whether to finance their home purchases with readvanceable mortgages.

The duplicate listed there is one of many which talks about the decision to invest vs prepaying your mortgage.

Make the right decisions when you're about to take out a mortgage by understanding how the underwriting process works.

«We have a mortgage and child costs, so we're making more critical decisions about what we spend money on.

You should consider obtaining advice from a licensed financial adviser or credit provider before making any financial decisions about a reverse mortgage.