Sentences with phrase «enough equity in them»

If you don't have high enough equity in the home, you're considered a possible default liability.

I knew a guy at the REIA that was doing a lot of lease option deals because there just wasn't enough equity in the homes to buy at a significant discount.

Just be prepared to show proof that you've made on - time payments each month and built enough equity in your home.

With enough equity in the house and some motivation based on their financial circumstances, this has all the right elements for a deal.

Do you have enough equity in your home?

If there isn't enough equity in a property to meet our buying criteria, I quickly put the lead in the trash can or forward it to a realtor who may be able to help them.

Qualifying can be easier than for a conventional mortgage — You must meet the age requirements, have enough equity in your home, live in the home as your primary residence, the home must meet FHA property standards, and you must meet financial eligibility criteria as established by the U.S. Department of Housing and Urban Development (HUD).

But, you can pay off your home at closing using the payment from the reverse mortgage.4 You must have enough equity in your home to cover the balance on your existing mortgage and eliminate your monthly mortgage payment.5 Any remaining loan proceeds may be used however you choose.

Does your client have enough equity in a property to finance the down payment of a subsequent purchase?

Remember, If you have enough equity in your home, typically 60 % -70 %, there is a chance that you could still sell your home.

You definitely want to ensure that there is enough equity in the property being sold to cover commission and closing costs.

FHA streamline refinance: If you've built enough equity in your home and have an FHA loan, this refinance program can be a quicker way to lower your interest rate, often without an appraisal.

And it's a great option for real estate investors when a deal comes up and funds are needed quickly and the investor has equity in several properties but not enough equity in one single property.

If you have built up enough equity in your primary residence, you may tap a portion of the home's equity in cash proceeds that you can use in almost any way you would like.

A: You must own a home, be at least 62, and have enough equity in your home.

Therefore, another area of consideration is that you must have enough equity in the home in order to qualify.

Do you have enough equity in the deal that you can meet your lender's loan - to - value and / or the debt coverage ratio if we experience a 200 basis point increase in the Treasury and you get a vacancy?

You can still wholesale the property as long as there's enough equity in the home.

A hard money rehab loan can be one of the easiest to get approval for, simply because it presumes you already own or have high enough equity in the underlying property (instant collateral).

Couples need to be sure that there is enough equity in the house to be able to afford paying a realtor commission.

If you have enough equity in your house, we may be able to list your house for sale and you can move on.

Many people who want a reverse mortgage loan may not have enough equity in their home to qualify or may not meet other eligibility requirements.

• The borrower must have enough equity in the home to qualify.

So my question is, should I be patient and wait till I have enough equity in my single family property and then turn it into an investment loan?

«We were able to convince our lending source that there was enough equity in the property to cover remediation costs, if needed» adds Sabar.

The program also attracts sellers who don't have enough equity in their homes to cover traditional commissions.

The money from a HELOC looks just like any other money in your bank account, and it's relatively easy to get if you have enough equity in your home.

Unless you are doing rehabs on these and can flip them or create enough equity in them to get all the money back it is a very risky idea

Make sure you have enough equity in these properties to survive another real estate market crash.

Before the transaction closes, the sellers disclose that they are declaring bankruptcy and have just recorded a second mortgage on the property — meaning that it's unlikely there will be enough equity in the sale to satisfy the mortgage lenders.

You will only be able to receive a payment if there was enough equity in the property at the time you and your ex-partner separated.

The Home Affordable Refinance Program, which is now called HARP 2.0, has given new hope to homeowners that have been put in the corner from banks because they do not have enough equity in their home.

The borrower didn't have enough equity in one property to obtain the loan amount they needed but North Coast Financial was able to cross-collateralize with multiple properties the borrower owned.

Just take control of the home with a contract and assign it to an investor OR a lease option buyer if there's not enough equity in it.

They no longer have enough equity in their home to cover or refinance unsecured debts.

«I want to verify ownership, check setbacks and confirm there's enough equity in the home to sell it,» explains Furtado.

You may qualify for a home equity loan if you have enough equity in your home and a decent credit score.

Again, if you have enough equity in your home and don't want or need all the money at once, you might want to consider a personal line of credit secured by your home.

You then want to build up enough equity in the property so that you can sell it or borrow against it.

If you have enough equity in your home, you may qualify for a cash - out refinance.

Seniors who opt for these loans must have enough equity in their house, and they must still carry responsibility for property taxes, homeowners insurance and any maintenance the property requires.

I had hoped that I would build up enough equity in the home to be able to pay off a large part of my student rating (finally), but that was not what happened.

Of the one third who did not qualify for a reverse mortgage, 75 percent did not have enough equity in their home.

Maybe you don't have enough equity in your home.

If you don't have enough equity in your home, you won't be able to refinance your loan.

If you are approved and have enough equity in your automobile, we may be able to pay off your existing loan and give you access to the funds you need.

But, FHA has much more lenient standards, so you could still be eligible for FHA cash out refinancing if you have enough equity in your home.

Do you have enough equity in your home?

You need to present property with enough equity in order to qualify for this loan.

If you own a home and have enough equity in your home, you may be able to take out a home equity loan or line of credit and use the money to pay off all of your debts at the same time.