Sentences with phrase «for duration of your mortgage»

Think of it as taking out a mortgage on a paid - off home and investing the proceeds in stocks for the duration of the mortgage.

A fixed - rate mortgage is generally a safer bet than an adjustable - rate mortgage because you know what your interest rate will be for the length of the loan and your payments will stay the same for the duration of the mortgage.

Rates are fixed or variable, meaning that they either remain the same for the duration of the mortgage or vary depending on a benchmark interest rate.

You pay a predetermined interest rate for the duration of the mortgage.

If you do not intend to stay in your home for duration of your mortgage, you want to consider when you will «break even» on your upfront closing costs from your monthly payment savings (if refinancing lowers your payment).

Home insurance is not a legal requirement but lenders universally insist on it for the duration of the mortgage to protect the value of their underlying asset, the house.

I question the ethics behind making someone pay for a discount for the duration of the mortgage term....

Fixed rate mortgages offer greater security because your payments stay the same for the duration of the mortgage term, while variable rates fluctuate with market conditions, so the amount of interest you have to pay can go up or down, depending on the interest rate environment at the time.

It is essentially the way your mortgage payments are distributed on a monthly basis, detailing how much interest and principal will be paid off each month for the duration of the mortgage term.

If you add it to your mortgage it will increase your outstanding balance and interest will be charged for the duration of the mortgage.

A mortgage rate that is guaranteed for the duration of the mortgage term, often considered to be the most secure type of mortgage.

Will your current policy cover payments for the duration of your mortgage (s)?

Instead, they offer to charge you a flat rate each month or year for the duration of your mortgage.

You may think you're going to be in your new home for the duration of the mortgage, but chances are you're not.

Not exact matches

As its name implies, a fixed - rate mortgage is one which has an interest rate that remains the same for the duration of the loan.

Because your rate is not locked in for the duration of the loan, a rising interest rate environment will force the lender to increase your mortgage rate, thus adding to your monthly payment.

The most common type of home loan is a 30 - year fixed - rate mortgage, in which the interest rate remains the same for the duration of the loan.

A fixed - rate mortgage, as its name indicates, is accompanied by an interest rate that remains the same for the duration of the loan.

With a 30 - year fixed - rate mortgage, not only do you have a long time to pay off the loan (three decades) but your monthly payments will remain constant for the duration of the loan, unless you decide to refinance.

As its name implies, a fixed - rate mortgage is one in which the interest rate remains the same for the duration of the loan.

In return for the greater risk, borrowers receive a lower initial rate than a fixed rate mortgage of the same amount and duration.

The beauty of a fixed mortgage, of course, is that the payment will remain the same for the duration of the loan, or until you sell or refinance the house.

With a fixed rate mortgage, the rate doesn't change for the duration of the loan, resulting in predictable payments.

Homeowners are ultimately responsible for keeping taxes, insurance, and repairs up to date for the duration of their reverse mortgage.

To obtain a USDA loan, borrowers must pay mortgage insurance for the duration of the term, including a 2 % up - front fee that is financed into the loan amount.

Applicants must carry Hazard Insurance to adequately cover all existing loans or mortgages on the property, including the deferred loan, for the duration of the loan.

Applicant must carry Hazard Insurance to adequately cover all loans or mortgages on the property, including the City of Henderson loan, for the duration of the loan.

Our construction loan is «two - phase» — enjoy a competitive, fixed rate for the duration of construction, and an affordable standard mortgage once construction is completed.

Others, eschewing conventional personal - finance advice, are even opting for «cash - in» refinancings, paying thousands of dollars out of pocket to settle old loans — and then taking out new mortgages with lower payments, shorter durations or both.

On the other hand, a fixed interest mortgage loan will be fixed at a certain interest rate for the duration of the loan's life, which in turn could range from ten to 30 years.

With mortgage interest rates known as «fixed mortgage rates», the borrower's monthly payments for interest and principal remain the same for the duration of the loan.

This program utilizes two separate loans: an interest - payment only loan with a fixed rate for the duration of construction, and a standard mortgage once construction is complete.

With mortgage rates near their historic lows, fixed rate home mortgages are likely going to be a much better deal if you plan on living in the house for an extended period of time, as when rates reset on ARM loans the prior short - term savings will likely be more than offset by the higher rates for the duration of the loan, which can cause the interest - only loan payment to exceed the amoritizing 30 year fixed rate payments if mortgage rates spike high enough.

A fixed rate mortgage is one in which the interest rate remains the same for the duration of the loan.

The following changes are effective for all Kentucky FHA case numbers assigned on or after June 3, 2013: FHA is changing the duration for the collection of MIP o For all mortgages with an original principal LTV of 90 % or less, regardless of loan term, the annual MIP will be assessed for 11 yeafor all Kentucky FHA case numbers assigned on or after June 3, 2013: FHA is changing the duration for the collection of MIP o For all mortgages with an original principal LTV of 90 % or less, regardless of loan term, the annual MIP will be assessed for 11 yeafor the collection of MIP o For all mortgages with an original principal LTV of 90 % or less, regardless of loan term, the annual MIP will be assessed for 11 yeaFor all mortgages with an original principal LTV of 90 % or less, regardless of loan term, the annual MIP will be assessed for 11 yeafor 11 years.

If you're just looking to cover your mortgage or until your child is old enough to be living on their own, you can choose term life insurance that lasts this amount of time, either until the child is old enough for independence or to cover the duration of your mortgage.

Based on our analysis, the property would very likely be cash flow positive for us over the duration of the 2nd mortgage but it's a close call and we're getting down to the gnats eyelash in our analysis.

Read the prospectus for your fund and it will have the average duration as well as information about the issuers of the bonds it does invest in (govt, agency, mortgage backed, foreign, high quality corporate, etc) and whether there are constraints on the target average maturity.

The next most popular term for a fixed mortgage is the 15 - year fixed loan, which amortizes over fifteen years, bumping up monthly mortgage payments significantly, but reducing the amount of interest paid throughout the duration of the loan considerably.

Many refinanced mortgages will offer a lower home mortgage refinance rate, but the duration of the contract will be for a longer period of time than the existing mortgage.

Most homeowners make their regular mortgage payments every month for the duration of the loan term, and never think of doing otherwise.

If you were to transfer your credit card with fixed rate mortgage refinancing on a 15 year term, you would have specific, set terms that can't change for the duration of the second mortgage term.

Also, these types of loans are usually for a shorter duration of time than the primary mortgage.

So even with mortgage time durations that average at 20 years, which is quite less than its US counterpart, the mortgage applicants are still left in two - minds about their original decision of ever applying for the loan!

When you bought your home, if you're like most people, then you probably assumed that the terms and payments of your mortgage would be the same for the duration of the loan.

Opting for such a mortgage provides you with the knowledge of what your monthly outgo will be throughout the next 1 year, 5 years, or 10 years, depending on the duration of your mortgage.

If you opt for a fixed rate mortgage Canada (FRM) your rate of interest gets locked for the entire duration of the loan.

The most common mortgage loans are 15 - and 30 - year fixed - rate mortgages, which provide an unvarying monthly rate over the duration of the loan, and 5/1 hybrid adjustable - rate mortgages, which have a fixed rate for the first five years, after which they adjust annually.

Typically, the duration of a mortgage loan would range from a few years to 30 years or more and there are many varieties and categories of mortgage loans that you can qualify for.

With the 30 - year fixed mortgage, your interest and mortgage payments remain the same for loan's duration of 30 years.