Sentences with phrase «huge mortgage»

If housing prices drop significantly — and we're overdue for a correction — things could end badly for homeowners with huge mortgages.

If you leave huge mortgage loan balance behind for your family without any insurance to cover the payments, you may be exposing your family to the risk of foreclosure.

However, not all borrowers in these areas have huge mortgages so the program will surely help some with toxic mortgages.

As I am being mean, I want to point out that I optimized my financial situation by having around $ 400K in invested capital (401K about 200 and personal portfolio about 200), huge mortgage in the very high 6 figure range... and when my wife lost her job... i regretted very much my decisions.

CBC News on May 4, 2010 in an on - line article entitled: «Bank of Montreal alleges huge mortgage fraud» reported on a potential $ 30 million mortage / real estate fraud in Alberta.

«My friends in Toronto are buying condos for $ 600,000 and taking on huge mortgage debt without thinking twice,» he says.

Trump could move Fannie Mae and Freddie Mac off the federal books, but huge mortgage rate changes aren't expected because of it.

In Canada, the banks are also taking a much closer look at the income and assets of wealthy buyers before issuing huge mortgages, according to Roy.

Plus, while huge mortgages with long amortizations are easy to carry at today's exceptionally low interest rates, those interest rates could easily rise in the future.

A case in point: Those who take on too much debt, can't get it paid off by retirement — and end up servicing huge mortgages and other loans long after their paychecks have come to an end.

The potential for a 1 bdrm suite with private access is a bonus + huge mortgage helper.

«My friends in Toronto are buying condos for $ 600,000 and taking on huge mortgage debt without thinking twice,» he says.

In the long - term view of mortgage rates in the chart at the top of this article shows that huge mortgage rate ramps are typically followed by a long, steady drifts downward.

Carrying a huge mortgage in order to cut down on your tax bill is one of the worst pieces of financial advice I have ever heard.

New couple Andrew and Maria just bought the perfect home in the perfect neighborhood, but they need an income suite to manage their huge mortgage.

I was also intrigued by the way you questioned not only the sustainability but also the ideology of the housing boom, noting how going into debt — taking on a huge mortgage — had become defined as an «investment,» as a path to not only wealth but freedom as well.

When your boss knows you've got a huge mortgage, you're not gonna resign... he owns you.

Ron Howard, who's tied to this franchise like a man trapped in a decaying house by a huge mortgage, tries without success to blow life into David Koepp's script.

«With child support payments, a huge mortgage and daycare costs, some days I can't help but feel trapped,» he said at the time.

«We're obviously hemorrhaging money with the two huge mortgages.

However, if you are a farmer with a huge mortgage depending upon the chaos of agricultural markets which are extremely volatile, a different structure might appeal to you.

The money from his condo would also insure that the huge mortgage payments he was paying wouldn't constrain his lifestyle for 20 more years.

«I have a huge mortgage to pay and the kids» educations will need to come first.

Based on that, some people conclude that they MUST have a huge mortgage just for the sake of getting the tax break, as if it were some great deal the government offers and it just can't be passed up.

But for Jimmy and Tracy, like many city dwellers, their huge mortgage is a hungry mouth always demanding to be filled.

Namely, people can console themselves that their huge mortgage is okay since «at least» they don't have credit card debt.

The picture is likely far bleaker if you just bought a detached home in downtown Vancouver or Toronto and took on a huge mortgage.

Is this the right time to commit to a huge mortgage that will require mandatory full employment for the next 15 - 20 years?

It becomes significantly more difficult when you've got a huge mortgage.

If you have adequate income, the tenant loan lender looks at your lack of a huge mortgage payment each month as an asset.

that sounds very high to me, unless you have a huge mortgage and around 50 in age $ 200 is extremely high premium.

Huge mortgage with a measly monthly payment — if you get $ 500,000 mortgage for a term of 30 years that requires you to pay just $ 1200 as monthly payment; it is a negative amortization mortgage.

For most people, buying your home is the biggest purchase of your life and with it a HUGE mortgage.

As long as interest rates remain low, making our monthly payments on huge mortgages and lines of credit is no problem.

You may experience its bite after buying a house and starting a family, when you shoulder the dual burden of a huge mortgage and expensive child care costs.

«With child support payments, a huge mortgage and daycare costs, some days I can't help but feel trapped.»

One scenario she's considering is simply selling the Calgary townhouse she's barely owned for a year — a move she believes would allow her to break even, get the huge mortgage off her back and pay off her other debts quicker.

Her mother, left with a baby to raise on her own and a huge mortgage, had to find a job outside the home for the first time in her life.

If you take out a huge mortgage on your home with the expectation of investing it for a quick payoff, you are tempting fate and your emotions of fear will almost certainly cause you to fail.

«You [would also] need a bigger emergency fund because you need to have more money to cover those huge mortgage payments, so it kind of becomes a circular problem.»

«Having that huge mortgage payment really hamstrings [people] from being able to save more for retirement or vacations or an emergency,» Haynes says.

I think the stated income loan types are a good reason that we are in this huge mortgage mess now.

Freedom from being tied down to a huge mortgage.

Living small, with everything you need so your budget will not feel the girth of a huge mortgage, no savings, and a hording attitude in life.

And while there are certainly other personal reasons that a more experienced lawyer might be averse to experimentation (already has a good thing going, huge mortgage, limited time), ethics rules shouldn't act the deciding factor.

They no longer have a huge mortgage or car payment.