Sentences with phrase «enable qualified borrowers»
This is where mortgage default insurance — more commonly referred to as «mortgage insurance» — can help... by enabling qualified borrowers to purchase a home with as little as a five per cent down payment.
http://homeownership.ca/ Not exact matches
But if it overcomes these obstacles, PRIMARQ's model could enable some borrowers who currently can't qualify to buy a home to purchase one, and help qualified borrowers set their sights on bigger homes.
If you don't put down 20 percent of the mortgage cost, you will likely be required to purchase MI, which enables low - down - payment borrowers to qualify for home financing from lenders.
If you don't put down 20 percent of the mortgage cost, you will likely be required to purchase MI, which enables low - down - payment borrowers to qualify for home financing from lenders.
Private mortgage insurance (MI) enables these borrowers to qualify for a conventional loan by insuring the lender against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.
HomeReady enables borrowers to potentially qualify for a mortgage with only 3 % down and buyers who qualify will benefit from taking the required online homeownership course - the Framework ® Homebuyer Education Program.
So a Perkins loan in repayment status might qualify a borrower as an eligible borrower, enabling the borrower to consolidate their loans despite a non-cooperative lender.
There are several programs that enable qualified FHA home loan borrowers in California to purchase with a low down payment.
«Even if the borrower could qualify for the loan without a cosigner, adding a cosigner might enable the borrower to get a better interest rate if the cosigner has a higher credit score than the borrower,» says David Levy, author and editor of Edvisors Network, a news and information hub about planning and paying for college.
With an FHA loan, borrowers can benefit from lower down payments and easier qualifying, which can enable them to get into a home faster than a conventional loan will.
Unemployment, reduced working hours, lower pay or a drop in self - employed business earnings may enable FHA - insured borrowers to qualify for aid.
The Obama administration has extended several mortgage bail - out programs for distressed homeowners like the Home Affordable Refinance Program, but very few borrowers were able to qualify for this relief measure that enabled homeowners that had mortgages owned by Fannie Mae or Freddie Mac the ability to refinance their under - water loans up to 125 % loan to value.
The Home Affordable Refinance loan enables borrowers to qualify for a 125 refinance that enables homeowners to borrow up to 125 % of the properties appraised value.
«Realtors ® support responsible lending to qualified borrowers and the move to lower premiums will enable more buyers to enter the market while continuing to protect taxpayers from the risky lending practices that led to the housing crash.»
Recently, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante announced the latest in a series of steps to protect and strengthen the FHA's Mutual Mortgage Insurance Fund, while enabling the agency to continue to fulfill its mission to provide access to homeownership for qualified borrowers.
► Enable servicers to quickly and easily qualify certain borrowers who are current on their mortgages for short sales: Common reasons for borrower hardship are death, divorce, disability, and distant employment transfer or relocation.