Sentences with phrase «in first lien»

The bridge loan is for Issaquah real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Boulder real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Kirkland real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Mercer Island real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Renton real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Littleton real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Burien real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Redmond real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

This loan must be securitized in first lien position on either residential, multi-family, or commercial real estate; we do not extend bridge loans for land purchases.

However, the reverse mortgage must be in a first lien position, so any existing indebtedness must be paid off.

A: Your lender is in a first lien position and the Federal Housing Administration is in a second lien position.

One of New York City - based Monticello Asset Management «s investment vehicles originated $ 8.03 million in first lien debt on behalf of the new owner of a 140 - bed skilled nursing facility in New York.

First Mortgage — A mortgage which is in first lien position, taking priority over al other liens (which are financial encumbrances).

NAR signed on to a joint letter, along with the Mortgage Bankers Association, the Financial Services Roundtable and several other financial services and real estate groups, that raised several concerns about PACE loans, especially the provision that places any PACE loans in a first lien position ahead of the primary mortgage.

Your APR will be between 4.99 % and 8.84 % for a loan in first lien position and between 4.99 % and 11.49 % for a loan in second lien position.

First Mortgage — A mortgage is in the first lien position, which takes priority over all other liens, such as a home equity loan or line.

Lines over $ 250,000 in first lien position may require title insurance.

This notion is further supported by the inherent risk premium for stocks over bonds because stockholders are behind bondholders in the first lien on a company's resources in bankruptcy.

However, if your house is completely paid for and you have no mortgage, some lenders allow you to open a home equity line of credit in the first lien position, meaning the HELOC will be your first mortgage.

Benefits of Cash - Out Refinances include possibly lower rates and simpler terms since the cash out is provided on the loan in the first lien position on the home, and a second mortgage is not applicable.

For investors, this meant that in just a few years they had gone from needing to write checks that were likely six figures, to now being able to invest as little as $ 100 in a first lien mortgage!

Not exact matches

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

Under the new changes, «small creditor» — now defined as institutions with less than $ 2 billion in assets originating fewer than 500 first - lien mortgages per calendar year — would now apply to a 2,000 - loan annual origination limit, effectively easing the path for more banks and credit unions to comply with the ability - to - repay rule.

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.

Negative equity borrowers often achieved high loan - to - value ratios with subordinate liens in addition to their first lien and had higher than average debt - to - income ratios.

James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development company focused on a variety of customized financing solutions including first lien, unitranche, and subordinated debt as well as equity for lower middle market companies — in 2010.

This group of first - lien lenders will also provide $ 575 million in new capital, including a $ 250 million first - lien loan.

Issue Size Increased Houston - based Calpine, an independent power producer with 93 plants and customers in 21 states, sold $ 2 billion of first - lien senior secured notes due in February 2021 with a coupon of 7.5 %.

They are present in many industries and aim mainly for first lien debts (source):

It can sometimes be sensible, then, to shift a portion of the balance from your first lien to your new second mortgage to exploit this quirk in pricing.

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

As noted in the Fund's June 30, 2016 Semi-Annual Report, the Fund held approximately $ 30 million market value of TXU Energy's first lien debt which was yielding approximately 15 % at the time it was converted into equity in the new TCEH Corp..

Robert Troiano, former senior policy adviser for the Town of North Hempstead, first revealed his income tax liens to the town in 2017, despite years of unpaid taxes while on the town payroll.

Not seen any accidents, Drives great, Non-smoker owner, Arctic cold a / c, Never driven on Snow, No pets, Vehicle Runs Well, Upgraded stereo, Regularly maintained, Lots of storage, Must test drive, Done all Scheduled Maintenance, Title in possession, Primarily highway miles, Great first ride - All vehicles are guaranteed Clean title and free of any liens.

Has remaining factory warranty, Drives great, Family friendly, Single owner, Spotless interior, Great first ride, Arctic cold a / c, Non-smoker owner, Vehicle Runs Well, Smooth ride, Always parked indoors, New tires, All records in possession, Regularly maintained, Lots of storage, No pets, Never driven on Snow, Seats as good as new, Must test drive, Done all Scheduled Maintenance, Available Satellite Radio, Title in possession, Mint Condition - All vehicles are guaranteed Clean title and free of any liens.

The new model is the first in the industry designed to align with consumer - focused changes in the way Equifax, Experian and TransUnion handle several types of negative credit - file records, such as medical bills in collections, tax liens and public records.

In addition, if you have excessive income, unpaid child support, a previous foreclosure, tax liens or a recent bankruptcy, you won't qualify for most first - time home buyer grants.

IN: DFI First Lien Mortgage Lending License 21573; DFI Subordinate Lien Mortgage Lending License 21574 MI: First Mortgage Broker / Lender License FL0017723; Second Mortgage Broker / Lender Registrant License SR0017724.

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

«However, for low - to - moderate UPB borrowers taking out larger amounts of equity — again narrowing the scope to borrowers that will continue to itemize — the post-tax math may now favor cash - out refinances instead, even if it results in a slight increase to first - lien interest rates.»

In doing so, the borrower can take cash out of their equity to use for other purposes while preserving their first lien.

1) The Piggy - Back (a.k.a.: Concurrent Lien, First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment plan.

A common secured product in the US is a 2nd lien holder to a home (the first being the mortgage), called a HELOC (Home Equity Line Of Credit).

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

The same case applies to the third mortgage holder if any, who must, in turn, wait for the first and second mortgage holders to be paid before they can claim a lien.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

A second mortgage is a mortgage lien on your home in addition to your primary mortgage lien (i.e. your first mortgage).

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).