Sentences with phrase «get a mortgage because»

Should everyone run out and get a mortgage because it is a cheap time to be borrowing money?

Jennifer S.: Most likely won't be able to get a mortgage because she doesn't have enough employment history.

You're going to struggle to get a mortgage because you're on IBR.

«When she was in Hawaii, she wanted to buy a condo but she couldn't get a mortgage because she didn't have a husband to co-sign the loan.

You can't get a mortgage because there's no history of managing property, and you can't manage property until you get a mortgage to finance the home.

Not exact matches

So your argument is that because interest rates have been kept artificially low (effectively ripping everyone off with a manipulated money supply that's becoming more worthless by the day) that paying 6 % for a mortgage (which at one point was low) is getting ripped off?

The pre-approval letter on the other hand carries much more weight because it's only issued after the lender has received all your documents to verify your ability to actually get a mortgage.

Be careful about what you say to a mortgage lender, however, because it might just end up getting your application denied.

Many first time home buyers struggle to get approved for mortgages because they can't meet the typical 20 % down payment minimums on the size of home they want.

This is helpful because hitting the ceiling on DTI makes it harder to get approved for a mortgage.

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

Today we're diving into those thoughts and feelings, and — because we got so many questions about it — diving into why we did pay off the mortgage on our house but why we're not paying off the mortgage on our rental anytime soon.

«North Dakotans know it has become more difficult to get a mortgage or a loan because of the red tape small financial institutions face, especially in rural areas,» Heitkamp said.

I feel happy that because my mortgage refinance was rejected in 2015, those who are getting loans have rock solid financials better than a 800 FICO score and $ 250,000 in income.

Mortgage life insurance quotes are more expensive for healthy homeowners because most policies don't require you to get a medical exam prior to purchase.

These two approaches are drastically different and, because of how DTI is calculated in each scenario, it becomes a lot easier to get approved to live in a rental property when you're using a conventional mortgage via Fannie Mae as compared to a VA loan via an approved VA lender.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

The survey, conducted by ORC International for Premier Property Management, also found that a majority of apartment and single - family renters indicated that they rent because they enjoy the lifestyle, and not because they're unable to get a mortgage.

And a 20 percent or higher down payment will help you get that, not least because you'll pay no mortgage insurance premiums.

ARM products are less risky for mortgage lenders, because if interest rates rise during the term of the loan, the lender gets more interest income.

«It's unrealistic to expect that the trends in housing won't slow down a little bit because mortgage rates are picking up, and some people, of course, will get priced out of the market,» he said.

This is important to note because if you were to miss mortgage payments in the future, your lender does not need to get a court order to foreclose on your home.

Because it's for such a large amount, you want to make sure you're getting the best mortgage rate and working with a lender that offers the best possible terms.

Most of us get into investing because we want freedom, whether it be freedom from the office, from traffic jams or from the drudgery of a mortgage.

If you get rejected for a mortgage, which has happened to me because I didn't have two years worth of freelance income at the time, you will naturally hate the lender and housing in general.

Their contract is almost up and they are now thinking about what their next contract will look like because their life is changing in significant ways: «Our next version will have a mortgage section, and questions about starting a family, whether or not we want to get married,» she tells the Telegraph.

He said: «Because we have got a global credit crunch, because we have got problems that have come out of America and are affecting Britain, we need to do everything in our power to help mortgage holders, to help businesses, to help first - time buyers, to help faBecause we have got a global credit crunch, because we have got problems that have come out of America and are affecting Britain, we need to do everything in our power to help mortgage holders, to help businesses, to help first - time buyers, to help fabecause we have got problems that have come out of America and are affecting Britain, we need to do everything in our power to help mortgage holders, to help businesses, to help first - time buyers, to help families.

«When you get to the point where, because of various personal distractions, you can't serve as effectively as you need to, at the time when people are worrying about jobs, and their mortgages, and paying the bills — then you should probably step back.»

This is a question most of us don't always ask because we get so busy paying the bills and mortgages, just trying to stay afloat, but studies show that our environment plays a large role in our personal happiness.

So many people say to me «I so love what you're doing but I could never do it because I've got a mortgage or I've got kids».

They take some courses, they're excited, they can't quit their job because they've got a mortgage.

The least happy years are those in the middle age of thirties and forties, because we reap disappointments with goals we will never meet and have to handle the stress of keeping our jobs, paying off the mortgages, and getting our kids through college.

Absent - mindedly collecting shells, catching fish and bugs, and paying off your mortgage would be a perfect fit on Switch, and because it'll be pretty to look at, why not fling it onto the big screen when you get home (sorry Netflix).

I never fought to get the books back because i knew that individually they weren't going to pay my mortgage anyway.

Thus far, we've got a strong rally off the recent trough, with uninspiring sponsorship but good breadth, reasonable but not strikingly attractive valuations, and an overhang of increasingly distressed mortgage and non-residential debt that looks like Armageddon Part II in the offing, because we are doing nothing to restructure it.

Conventional fixed - rate mortgages are a popular option because it allows to get rid of mortgage insurance once your loan balance is 80 percent or less of the home's value... MORE

Moreover, you will be able to get finance sooner than you think since even if you have an outstanding mortgage, you will be able to get a home equity loan based on the equity you build on your home either because you are paying off the mortgage and the debt is reduced or because the property's value will increase over the years.

discourage you from applying for a mortgage or reject your application because of your race, color, religion, national origin, sex, marital status, or age, or because you get public assistance.

The ideal down payment is 20 % of the home price because it will give you the best chance of getting approved, along with access to lower mortgage rates and lower upfront and ongoing fees.

For some homeowners, a 15 - year mortgage loan works well because of the low interest rate; but for others, getting locked into higher mortgage payments may be daunting.

Q: I was turned down by my mortgage lender when I applied to refinance a couple years ago because they didn't like my credit score, even though it was higher at that point than it was ten years earlier when I first got the mortgage.

FHA Commissioner David Stevens said this morning, ``... we have a bill in Congress right now that we need to get through because we have to change our fee structure to be more in line with how private mortgage insurance price.

One misconception: It isn't worth making extra principal payments when a mortgage is close to being paid off because, at that point, you aren't getting charged much in total interest.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

In spite of the registered mortgage granting them the power of sale, private lenders know they might not be compensated because lenders must get paid in order of occurrence.

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

And, that 15 % discount off that you will receive for taking out a new credit card at the mall, you better be sure it was worth the discount, because it could stand between you and getting a mortgage.

While it makes sense to close unused credit lines if you don't want to be tempted by them because of a history of overspending, wait to do so until after you get a mortgage.

Would you get a 15 % mortgage on your home because they offered free airline miles?

If the bank won't give you the mortgage because of underwriting changes, or because something about your situation changed or because the house did not appraise for the amount you need to finance, you can get out of the contract.