Sentences with phrase «for outstanding mortgages»

Your financial resources consist of any existing insurance policies, business and personal assets, pensions and annuities, and business income after subtracting your debts for outstanding mortgages, loans, living expenses and personal obligations to families and friends.

Mortgage lenders in these areas may determine that even though they must maintain, insure and sell the home, they may still make more money and have more qualified bidders at an auction, potentially allowing them to receive full payment for the outstanding mortgage loan.

A term life insurance policy is affordable protection and the money paid out as proceeds can be used to pay for an outstanding mortgage, college tuitions for the kids, or to help a family maintain the standard of living they have enjoyed.

Decreasing term insurance is usually used to provide life insurance protection for your outstanding mortgage, also called mortgage payment protection insurance.

Mortgage life insurance provides coverage for outstanding mortgage payments in the event of the policyholder's sudden death.

Not exact matches

It's nearly outpacing mortgage lending for the first time since the 1980s, the Wall Street Journal reports, and it accounts for 21 percent of all outstanding loans from banks.

If a friend or relative has co-signed on a debt for you — private student loans, for example, or a car loan or mortgage — they could be on the hook for the amount outstanding if you were to die.

Should foreclosure take place, the lender may find it difficult to sell the home for an amount sufficient to cover the outstanding mortgage balance and make a profit from the transaction.

WASHINGTON, D.C. (November 7, 2013)-- The delinquency rate for mortgage loans on one - to - four - unit residential properties decreased to a seasonally adjusted rate of 6.41 percent of all loans outstanding at the end of the third quarter of 2013, the lowest level since the second quarter

This lender isn't notable for cheap fees or outstanding servicing, but PennyMac can net you significant savings on your mortgage interest if you stay in your home for the long term.

Private label MBS outstanding have essentially tracked the growth of non-prime mortgages outstanding (Graph 3) indicating securitisation has been the principal funding strategy for non-prime lenders.

In part, this increase reflects the entry of mortgage originators who rely predominantly on securitisation for funding — they currently account for around 10 per cent of outstanding housing loans.

Non-prime originations reached over 20 per cent of total US mortgage originations in 2006, and are now estimated to account for around 13 per cent of mortgage debt outstanding.

If your new loan amount is greater than or equal to your mortgage amount outstanding (refer to «Glossary» tab for definition) you can transfer your existing interest rate, loan balance and maturity date to a new home.

This would include your monthly mortgage payments, other housing expenses, and all outstanding debt for revolving credit card and college loans.

In addition, there is an annual mortgage insurance premium (annual MIP) equal to.85 percent of the outstanding debt for most borrowers.

If you have a high debt - to - income ratio, one solution would be to pay off your outstanding debt before applying for mortgage pre-approval.

For example, an outstanding mortgage should usually be accounted for in your life insurance death benefit, as you don't want your family to have to move following your deaFor example, an outstanding mortgage should usually be accounted for in your life insurance death benefit, as you don't want your family to have to move following your deafor in your life insurance death benefit, as you don't want your family to have to move following your death.

This is because, for example, if you lost a leg and were unable to work for several months, but accumulated hefty hospital costs in addition to your normal living expenses, your outstanding financial obligations (such as a mortgage) would still be there.

This policy can be particularly useful if you have a particular outstanding expense or loan, such as a mortgage loan which would be reduced over time, that your family couldn't cover payments for without your income.

If they sell the properties for their estimated $ 1,050,000 market price less 6 per cent selling costs and less the $ 192,710 outstanding mortgage on the properties, they could net $ 794,290, Stronach explains.

The bonds that are being considered for refunding are outstanding Homeowner Mortgage Revenue Bonds, Series 67, 69, 70, 71, 72, 73A, 78A, 79, 80, 82, 83, 87, 96 through 102, and 154.

(5) There are authorized to be appropriated to provide initial capital for the REHABILITATION Facilities Insurance Fund, and to assure the soundness of such fund thereafter, such sums as may be necessary, except that the total amount of outstanding mortgages insured shall not exceed $ 200,000,000.

(B) bear interest (exclusive or premium charges for insurance and service charges, if any) at not to exceed such per centum per annum on the principal obligation outstanding at any time as the Secretary finds necessary to meet the mortgage market.

Similarly, if your credit rating is high with no outstanding judgments or liens, your lender may pre-qualify you for a wide range of mortgage products which are unavailable to buyers with low credit rating.

For estates not passing through probate, the deceased's family can sell the property and use the proceeds to pay off the outstanding mortgage balance.

The easiest solution might be to have the trust hold title to the property for as long as the mortgage remains outstanding, with the home passing to your children immediately upon full payment of the mortgage.

Our list of recent industry awards and recognitions for outstanding service and dedication to the mortgage industry gives you the confidence that selecting us is a great choice.

You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.

In October 2015, DeCicco and Avedisian allegedly conspired to defraud the mortgage holder by proposing the sale of the property for significantly less than the outstanding mortgage, in what is commonly referred to as a «short sale.»

At the same time, the annual mortgage insurance premium was increased from.55 percent of the outstanding loan balance to.90 percent for most FHA borrowers.

For those whose home value has declined in recent years, or simply hasn't recovered since historical peaks in the mid 2000s, it's common to have an extremely high outstanding mortgage balance.

Determined by the amount of equity in your home, or the difference between the value of your home and the outstanding mortgage balance, a second mortgage can be a powerful financial tool for a homeowner, with applications such as financing the purchase of an investment property or extensive home renovations.

The lender's policy protects the lender's interest in the property as security for the outstanding balance under the buyer's mortgage.

Mortgage insurance is another name for a life / critical illness and disability insurance that pays off your outstanding debt on your home in case of a tragic event.

In most cases, the two biggest factors in determining your CBI score are your previous credit performance, including whether you pay your bills on time, and the amount and types of outstanding debt you have (for instance, a $ 200,000 mortgage is weighed very differently than $ 200,000 in credit card debt).

The loan you've co-signed for can show up on your credit report, just like any other debt you have... As a result, the loan you've co-signed for can increase the size of your outstanding debt — added to your mortgage, credit - card balances, car loan or student loans — when lenders are deciding whether to let you borrow more money.

For instance, if you originally obtained a $ 200,000 mortgage at a 6 percent rate and made your $ 1,199.10 payment each month for 60 months, you would have an outstanding balance of $ 186,108.For instance, if you originally obtained a $ 200,000 mortgage at a 6 percent rate and made your $ 1,199.10 payment each month for 60 months, you would have an outstanding balance of $ 186,108.for 60 months, you would have an outstanding balance of $ 186,108.71.

So, when considering refinancing, you will need to pay special attention to the interest rate charged for the new loan and compare it with the outstanding mortgage loan so as to see if you are actually saving money by refinancing.

The MBA says the delinquency rate for mortgage loans on one - to - four - unit residential properties has fallen to 9.13 percent of all loans outstanding at the end of the third quarter, a decrease of.51 percent from one year ago.

In conclusion, a homeowner should plan on paying an average of three to six percent of the outstanding principal in refinancing costs, plus any penalties for prepayment and the costs of paying off any existing second mortgages.

We have been recognized by Costco for our outstanding service and dedication to providing exceptional mortgage products to Costco members.

For example, an outstanding mortgage should usually be accounted for in your life insurance death benefit, as you don't want your family to have to move following your deaFor example, an outstanding mortgage should usually be accounted for in your life insurance death benefit, as you don't want your family to have to move following your deafor in your life insurance death benefit, as you don't want your family to have to move following your death.

We offer outstanding opportunities for dedicated mortgage professionals, and we're always searching for the best the industry has to offer.

Once you get approved for the refinance loan, your outstanding mortgage will be immediately paid off with the main portion of the refinance loan amount.

In addition, there is an annual mortgage insurance premium (annual MIP) equal to.85 percent of the outstanding debt for most borrowers.

Under the Department of Housing and Urban Development's HECM program (Home Equity Conversion Mortgage)-- which is the program used most often by reverse mortgage lenders — a 65 - year - old who owns a house worth $ 250,000 with no outstanding mortgage might be able to borrow as much as $ 127,000, according to the Boston College Center For Retirement Research, although fees and other restrictions may reduce the amount of cash you can actually get your hands on at least inMortgage)-- which is the program used most often by reverse mortgage lenders — a 65 - year - old who owns a house worth $ 250,000 with no outstanding mortgage might be able to borrow as much as $ 127,000, according to the Boston College Center For Retirement Research, although fees and other restrictions may reduce the amount of cash you can actually get your hands on at least inmortgage lenders — a 65 - year - old who owns a house worth $ 250,000 with no outstanding mortgage might be able to borrow as much as $ 127,000, according to the Boston College Center For Retirement Research, although fees and other restrictions may reduce the amount of cash you can actually get your hands on at least inmortgage might be able to borrow as much as $ 127,000, according to the Boston College Center For Retirement Research, although fees and other restrictions may reduce the amount of cash you can actually get your hands on at least initially.

Homeowners insurance is not required by law but it is a commonsense measure for property owners who own the title outright and for individuals who currently have an outstanding mortgage to still protect themselves and their investment by purchasing homeowners insurance.

Rather than taking a flat payout amount, take enough of a policy only to cover the specific needs you expect - for many people, this is defined by the amount needed to cover funeral expenses only + possibly their outstanding mortgage balance.

Whether you are looking for a mortgage, payday loan, car loan or debt help... Washington's economy is outstanding.