Sentences with phrase «greater than the amount owed»

You can lower your mortgage payment or you can obtain a «cash out» refinance which replaces your mortgage with a new home loan that is greater than the amount you owe on the house.

The lien covers only the property being sold and secures a payment amount that is never greater than the amount owed by the buyer; and 4.

Not exact matches

If the value of your assets is less than the amount of debt you owe, filing may be a great option.

If you do not benefit from the full amount of the Child Tax Credit (because the credit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax Credit.

But sometimes the money you owe the IRS is greater than the amount of money you make.

The student will not owe tax when the funds are distributed to the extent the amount distributed is not greater than the student's qualified education expenses.

A consumer proposal is a formal offer to your creditors to settle your debts, usually for an amount less than what is owing, but for a greater amount than the creditors would receive if you filed for bankruptcy.

Your loans must be from specific lenders, the total owed amount must be greater than $ 10,000 and you must have graduated or not be currently enrolled in school.

If the amount you owe is greater than the value of your assets, you might consider filing bankruptcy as a way of improving your financial situation.

Even if people can afford to make the payments, they're walking away from their homes, given that the amount the owe is now greater than the value of the property, due to the market declines of the last few years.

If the amount owed under the AMT is greater than under the usual income tax calculation, you have to pay the difference.

When you refinance for an amount greater than what you owe on your home, you can receive the difference in a cash payment (this is called a cash - out refinancing).

In contrast, your payment history makes up a whopping 35 % of your credit score, and your amounts owed is another 30 %, each of which is greater than the cumulative weight of your length of credit history and your «new credit.»

Climate scientists, with their much more modest life styles, can't match Gore and DiCaprio in the carbon footprint department, but nevertheless their carbon footprints are much greater than the average middle class individual owing to their colossal amount of air travel.

In truth, however, the amount you are owed will most likely be greater than these black and white expenses.

If the total amount owed to your first mortgage is greater than fair market value of your property, you can eliminate the security interest to junior lienholders and treat them as general unsecured creditors in your bankruptcy plan (thereby possibly being able to pay them less than 100 %).

In that case, you get the amount you're owed in R&D tax relief that is greater than your tax liability back in cash.

Exchanges may, and the Federally - facilitated Exchange will, allow issuers to implement, a premium payment threshold policy under which issuers can consider enrollees to have paid all amounts due if the enrollees pay an amount sufficient to maintain a percentage of total premium paid out of the total premium owed equal to or greater than a level prescribed by the issuer, provided that the level is reasonable and that the level and the policy are applied in a uniform manner to all enrollees.

With this type of mortgage refinance, you are applying for and taking a new mortgage for an amount greater than what you owe on the home so that you can receive the difference in a lump sum cash payment.

According to real estate research firm CoreLogic, in the third quarter of 2015 about 8 % of residential homes with mortgages were underwater, meaning the amount an owner owed on the mortgage was greater than the home's market value.

If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale.