Sentences with phrase «discuss equity mortgage»

For a no obligation review of your mortgage needs feel free to give me a call to discuss equity mortgage options that might be right for you.

Not exact matches

Though the term second mortgage is interchangeable with home equity loan, a home equity line of credit is a different concept entirely and you need to be careful when discussing this option with a lender.

As will be discussed below, there is a down side to giving up equity in your home; and increasing your mortgage debt could put you at greater risk of losing your home to foreclosure.

As discussed in its Annual Report to Congress, FHA will consolidate its Standard Fixed - Rate Home Equity Conversion Mortgage (HECM) and Saver Fixed Rate HECM pricing options.

This should include the following information: o The interest rate to be charged and whether the rate is fixed, variable or both; o Interest accrues from the time monies are advanced to the borrower and the interest is compounded; o All reverse mortgage fees and costs that must be paid by the borrower; o A description of any refinancing features that have been discussed with the borrower; o Any events that could terminate the reverse mortgage such as death or moving from the residence; o A description of any shared appreciation or equity participation features; and o A toll - free telephone number and the name of a contact person who can answer any questions, comments or complaints that the borrower may have.

Whether or not you have equity in your home, you should take the time to contact Greenlight Loans to discuss the possibility of refinancing your existing home mortgage.

Our home equity lenders are always at hand to discuss any special interests and weave them into the mortgage agreement.

If you are thinking about refinancing or are looking at a new home purchase and you feel that your equity position in the property may not meet the 80 % standard, it is imperative that you discuss your MI options with one of our Mortgage Consultants.

When home owners are dealing with debts outside of their control it is a good idea to discuss financial options with your BC Mortgage Broker to determine refinance options that might include home equity loans or second mortgages to help with debt consolidation.

Keith Emery discusses how those people with variable interest debt, whether it is home equity lines of credit or variable rate mortgages, will see an increase in their monthly payments, which over time, can have an impact on Canadian households living on tight budgets.

As we have discussed in our articles on Getting a Mortgage to Pay off your Debts and on Ways to borrow against your house as a bankruptcy alternative it is possible to use the equity in your house to repay your higher interest rate debt.

Changes related to filing status, standard deductions, child tax credit, alimony, mortgage interest, and home equity loans are discussed.

As discussed in its Annual Report to Congress, FHA will consolidate its Standard Fixed - Rate Home Equity Conversion Mortgage (HECM) and Saver Fixed Rate HECM pricing options.

[monthly house payment (PITIA - the front end DTI as discussed above)-RSB- + [second mortgage, home - equity loans or home - equity lines of credit payments if any] + [credit card payments] + [auto loan or lease payments] + [alimony] + [any other payments on credit accounts or loans] / [total gross monthly household income]

Finally, frustrated sellers who have no equity and are forced to sell because of a long term illness, divorce or financial considerations should discuss a short sale or a deed in lieu of a foreclosure with their mortgage lender and their REALTOR ®.

Paul discusses the mortgage interest rate deduction, home equity loan deductions, property tax deductions and more.