Sentences with phrase «existing homeowners»

For this reason, existing homeowner insurance may not be appropriate for the new owner of the house.

If you've fallen behind on your mortgage and you're at risk of foreclosure, you can visit the same site for resources for existing homeowners.

71 % of existing homeowners who want to upgrade say the era of historically low interest rates and affordable mortgages is coming to an end.

72 % of existing homeowners in the survey believe the era of historically low rates and affordable mortgages are coming to an end.

Existing homeowners looking to refinance are often no better off.

Because of the decline in housing locally, many existing homeowners simply do not have enough home equity to qualify for a mortgage refinance loan with a conventional lender.

They basically are a «buy in» and «upgrade» payment for the infrastructure that was paid for by existing homeowners, year after year in their property taxes.

As this has happened, more existing homeowners have been able to sell their existing homes and purchase new ones.

Banks typically allow existing homeowners to borrow in aggregate between 70 percent and 85 percent of their home value, including the mortgage.

The crippling cold, coupled with a growing desire for energy efficiency, has both prospective and existing homeowners considering the merits of a «green» mortgage.

The plan also calls for educating existing homeowners having trouble meeting their mortgages about programs designed to help keep them in their homes.

Similarly 22 % of existing homeowners felt that this was not the right time to buy compared to 37 % of those in the rented sector or living rent - free.

If you've noticed, banks aren't keen about letting existing homeowners borrow more through a cash - out refinance.

Many home buyers and existing homeowners run into obstacles when trying to secure financing for mobile, manufactured and modular home financing.

Contrary to potential homebuyers and in particular the younger generation who wish to buy a home soon, existing homeowners seem downright pessimistic about the future of home mortgage rates.

Interestingly, this appears to be something existing homeowners are a lot more in tune with.

First time buyers and existing homeowners remain very active in today's market.

Let me say that a different way... A large majority of existing homeowners today could not afford to buy their own house at current market prices.

In addition to its Light 5 program, the company also offers many different home mortgage and refinance options to existing homeowners who want to refinance their home mortgage.

In addition, many existing homeowners will refinance in order to lock in lower interest rates.

The drop was driven by existing homeowners, who are not as confident now as they were in Fall 2016 that their home would be worth as much as what they paid for.

It will not change the mortgage interest deduction for existing homeowners.

This equity gain, which can be used as a down payment, will provide a greater number of existing homeowners to trade - up.

Meanwhile, existing homeowners as well as commercial entities may find their largest asset unprotected if the Federal Emergency Management [Agency] can't renew NFIP policies that expire.

Rising property values place financial burden on existing homeowners who have watched their home values — and property taxes — double in the last decade.»

This comes as no surprise as rising interest rates, higher home prices and what has been dubbed «the strongest seller's market ever» have most benefitted existing homeowners in the current housing climate.

The ValueInsured survey indicated that 72 percent of existing homeowners believed the era of historically low rates and affordable mortgages was coming to an end.

«I've been bombarded with calls from existing homeowners looking to tap into their home equity,» says Adam Farber, assistant director of investor relations at a private lender called Corwin Mortgage Capital in Toronto.

By removing this limitation, FHA could help provide existing homeowners with additional flexibility in managing the mortgage debt.

Many existing homeowners already having refinanced into a low - interest rate mortgage may be unwilling or unable to move up due to how expensive Vancouver housing has become.

Low mortgage rates are encouraging shoppers to get out there and buy, while at the same time, helping existing homeowners lower their mortgage payments....

Existing homeowners also told Wesbild they wanted more walking and hiking trails.

Existing homeowners expressed indifference to the notion of a lift in mortgage rates as a result of the Fed's action.

«Jeff Jack, president of the Austin Neighborhoods Council, a group that strongly opposes added density in Central Austin neighborhoods, said allowing more housing types in the neighborhoods would only create more housing opportunities for the wealthy and continue to push existing homeowners out.

Some states have laws prohibiting insurers from ¨ non-renewing ¨ existing homeowner customers who pay their premiums on time.

Normally these types of examinations turn out fine but problems can occur when existing homeowners make modifications on their own and are not done by licensed subcontractors.

The second consumer group which benefits from the DTI rule change is existing homeowners doing a debt consolidation: refinancing and using home equity to pay down credit cards.

With current mortgage rates still at unprecedented lows, cash - out refinance mortgages are still very popular with existing homeowners using the funds from the equity in their homes to remodel or add on to their existing homes.

The 15 - year fixed has the potential to save you a ton of money and build home equity fast, but it's often not affordable for many first - time home buyers (or even existing homeowners) because monthly payments are significantly higher.

Similarly, the elaborate government sponsorship of the secondary mortgage market that began in the 1930s grew out of a desire to support existing homeowners rather than from a policy meant to engineer society.

As a result, potential homeowners couldn't afford to buy, and many existing homeowners defaulted.

First time buyers (defined as anyone who has not owned a home within the preceding three years) are eligible for the full tax credit of $ 8000 while former or existing homeowners qualify for a credit of $ 6500.

«When first - time homebuyers move into homeownership or existing homeowners upgrade to a larger, more expensive home, new debt is created.

Elton Ash, regional executive vice-president, Re / Max of Western Canada, says «Existing homeowners cashing in on substantial equity gains to re-invest in the top end of the market; strong economic performance across the country; and solid consumer confidence levels» are responsible for the boom.

Housing confidence does not only affect first - time buyers, it also affects existing homeowners who have the desire to upgrade.

A relatively strong regional economy in the GTA coupled with low borrowing costs kept a record number of households — first - time buyers and existing homeowners alike — confident in their ability to purchase and pay for a home over the long term,» said Mr. McLean.

This can occur if credit for homebuyers is too tight (particularly first - time homebuyers who form new households), if existing homeowners can not sell their homes to relocate for employment reasons, and / or if rental housing can not be developed for areas with rising labor demand.

If Americans were to trust their down payment to be protected than 63 percent of renters said they would be more likely to buy a home sooner if they could have the option to buy down payment protection, whereas 31 percent of existing homeowners said they would be more likely to buy a new home.