Sentences with phrase «entire value of its mortgage»

If he defaults, you collect the entire value of his mortgage.

Not exact matches

Therefore, a reverse mortgage would not be calculated using the value of the entire farm property, but rather the value of the house that sits on it, regardless of the rest of the property.

In 10 more years, even if the value of their home didn't increase at all over the entire 30 years of their mortgage (not even keeping pace with inflation — an unlikely scenario), they would at worst have a virtually free place to live and $ 250,000 in equity.

This bar graph compares the market value of the entire gross domestic product of the United States in 2006, with the market value of the two largest mortgage derivative industries in that same year.

With home refinance loans, your home equity plays the same role your down payment did when you took out the original mortgage — it represents the portion of the home's value that is paid for up front, so the lender isn't covering the entire value of the home.

Life Insurance If homeowners want their home to be passed onto their children, they should take out a life insurance policy that will pay off their mortgage, thus allowing the entire value of the home to pass to their children.

Do that, and you'll gain exposure to virtually every type of publicly traded stock in the world (large and small, growth and value, domestic and foreign, all industries and sectors) as well as the entire U.S. investment - grade taxable bond market (short - to long - term maturities, corporates, Treasuries and mortgage - backed issues).

3) Allow «toxic asset» purchases using public funds only to the extent that the entire issuance of various securitized mortgage pools can be purchased «all or none» at a moderate percentage of face value.

They allow information to be processed seamlessly throughout the entire mortgage value chain, reducing the need for manual re-entry of information from one system to the next.

And in an environment of declining prices, the inflation resulting from automated lending poses a risk not just to individual homeowners — who could see the value of their equity severely eroded or even erased — but to the entire banking system, which now has to contend with the possibility that their mortgage loans are backed by homes that aren't worth what they thought.

«We believe that when a family can no longer be tricked into signing a mortgage they can't afford, that family is protected, but so is the value of other people's homes, and so is the entire economy,» he said.

The issue will be especially severe for those who carry a significant mortgage (as a percentage of the home value) in retirement, who will be subject to the new 2.5 % upfront MIP on the entire appraised value of the property (and even for those whose reverse mortgage financing would be less than 60 % of the Principal Limit Factor, the new upfront MIP will be 0.5 %).