Sentences with phrase «equity they had accrued»

This enables you to access some of the equity you've accrued as a homeowner.

Both types of funding allow the homeowner to borrow against the equity they've accrued in their homes.

Consumers do have other avenues to explore, including simply waiting until more equity has accrued in their homes.

If you are feeling overwhelmed by credit card, medical, auto loan, student loan, or even multiple mortgage payments, you can use the equity you've accrued in your home to consolidate these higher - interest debts into a new mortgage at a lower interest rate.

Other consumers thought that because the money they received through a reverse mortgage represented home equity they had accrued over time, there was no reason they would have to pay it back.

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

A critical lesson that we have learned through six decades of investing in global equity markets is that returns accrue to value intermittently.

Generally, when you have accrued 20 % equity in your home, you may request to have PMI removed from your loan.

If your primary goal is to have a lot of equity in the property to pass to heirs, you need to know that the reverse mortgage will accrue interest and will lower your equity in the property over time and would not meet that goal.

Over the course of a year, the underlying equities would spit out US dollar dividends that accrue until the fund is ready to drop its dividend.

For senior homeowners who have accrued home equity, a reverse mortgage provides access to cash.

A cash - out refinance is when a borrower refinances their current mortgage for more than they owe in order to pull out the built up equity that has accrued in the home.

Home equity loans are a good example of this type of credit: As a homeowner, you can put your house up as collateral in exchange for borrowing against some of the value it has accrued over time to cover things like medical bills, major repairs or other unexpected expenses.

Depending on the home's value at that time and how much in interest and fees the reverse mortgage has accrued, there might be little to no equity left after the sale.

So if you put 10 % down you would be paying PMI until you accrue an addition 42500 in equity.

Insurance companies have quickly made use of this opportunity and started emphasizing the fact that a new tax of 10 percent will be levied on equity and balanced funds on gains made, while there will be no tax on income accrued from investments in ULIPs.

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.

This includes credit cards, charge cards, mortgages, second mortgages, home equity loans, car loans, personal loans, medical bills and any other debts that you've accrued.

Whereas conventional loans allow you to cancel your insurance policy once you've accrued enough equity on the home, FHA loans require that you continue paying monthly mortgage insurance premiums.

Renters have been viewed as «throwing money away» because they aren't accruing equity in a property.

You can then do this as many times as you'd like until you've accrued a solid amount of equity and monthly cash flow.

Buyers need guidance in understanding that, under a contract for deed, they don't accrue equity or obtain the property deed until they've paid off the loan.

(MCT)-- Over the years, celebrities such as Robert Wagner, Alex Trebek and Fred Thompson have touted reverse mortgages as a way to supplement a senior's fixed income by tapping equity that has accrued in their home.

In transactions in which the consumer has the option of making regular periodic payments that do not cover all of the interest accrued that month, proposed § 1026.38 (l)(4)(ii) would have required a statement that, if the consumer chooses a periodic payment option that does not cover all of the interest due, the principal balance may exceed the original loan amount and that increases in the principal balance decrease the consumer's equity in the property.