Sentences with phrase «estate loan intended»
By definition, a bridge loan is a real estate loan intended for a relatively short time period — typically ranging from six months to three years.
http://www.montegra.com/ Not exact matches
If the loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.
If the small business loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.
To pay off the reverse mortgage loan, which must been done within one year, the heirs can sell the property if they do not intend to reside in the house, and can keep any money left in the estate.
If the small business loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.
While there may be income tax benefits of buying a home, these can be more than offset by the combination of maintenance, real estate taxes & the costs associated with buying and selling a home (appraisal, inspection, real estate commissions, etc.); thus in most cases it only makes sense to purchase a home if you intend to live in it for many years — preferably for the period of the loan or longer.
If the heirs of the estate intend to sell the home to repay the reverse mortgage loan, they are able to keep any proceeds or profits from the sale of the home after the loan balance has been paid off.
An FHA 203K loan is an FHA loan that is intended for renovating real estate.
A commercial real estate loan is solely intended to be used for commercial real estate.
CDC / 504 loans are specifically intended for major, long - term investments like purchasing commercial real estate or constructing a new building for your business.
The HUD - 1 Settlement Statement (a form that itemizes all charges for a borrower and seller as part of a real estate transaction) and Truth in Lending disclosure (a document disclosing the APR details intended to provide a sense of the true loan cost) have been replaced with a single Closing Disclosure.
As helpful side note, with any strategy intended to use an alternative beneficiary in order to limit estate tax liability while providing liquidity to the estate, you can encourage that beneficiary to use the money for the estate through loans or purchasing assets; however, this can not be a requirement or it won't pass IRS scutiny.
If the loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.
The lender will want to know the real estate investor's intended exit strategy upfront to understand how the borrower will repay the rental property loan.
This means that money or property in your estate that you intended to leave to your survivors can be given to a loan company to pay off your debts.
It also intends to establish the HCI Real Estate Finance Fund, which essentially will make mezzanine loans to U.S. property investors.
Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z. Commercial real estate loans made or arranged pursuant to a California Financing Law license # 60DBO - 46246.
As with other aspects of the loan underwriting and real estate purchase process (such as title insurance), the typical SNDA agreement is intended to establish legal boundaries of the relationships between lender, borrower (also owner and landlord), and tenant and to protect the interests of all three.
(MCT)-- Real estate officials are bracing for new federal mortgage rules intended to press lenders to ensure that prospective borrowers are able to repay home loans.
RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families and that are: (1) Made by a lender with Federal deposit insurance; (2) made, insured, guaranteed, supplemented, or assisted in any way by any officer or agency of the Federal government; (3) intended to be sold to Fannie Mae, Ginnie Mae, or (directly or through an intervening purchaser) Freddie Mac; or (4) made by a «creditor,» as defined under TILA, that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.