Sentences with phrase «insured loans generally»

FHA - insured loans generally offer more flexible credit qualifications and a lower down payment.

Borrowers who use an FHA - insured loan generally have to pay for the annual and upfront mortgage insurance premiums, which come from the Federal Housing Administration.

Borrowers who use an FHA - insured loan generally have to pay for the annual and upfront mortgage insurance premiums, which come from the Federal Housing Administration.

Borrowers who use an FHA - insured loan generally have to pay for the annual and upfront mortgage insurance premiums, which come from the Federal Housing Administration.

Not exact matches

For private loan programs, the origination fee is generally paid to the lender to cover the cost of administering and insuring the program.

Down payment: Generally, buyers need to make a down payment of at least 3.5 % for a government - insured Federal Housing Administration loan — and at least 5 % or 10 % for a conventional loan.

These are government - insured loans, so the credit - score requirements are generally lower than those for a conventional / non-government-insured loan.

And loans insured by the FHA will generally have lower rates and require less down payment than a comparable loan without the insurance.

Under current federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse or matures, and is not a modified endowment contract.

For conventional mortgage loans (loans not insured by the government), mortgage lenders are generally looking for 28 percent or lower for the front - end DTI, and 36 percent or lower for the back - end.

A loan normally has interest, money sitting in a savings account is insured, and other investments generally have an expected return.

Under current federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse or mature, and is not a modified endowment contract.

Private student loans are generally privately insured, carry a higher interest rate than federal loans, and are based on credit - worthiness.

Because the government insures all or a portion of the total dollar amount of these mortgage loans, FHA and VA loans generally require lower down payments and have lower qualification requirements than Conventional loans.

4 Distributions from a life insurance policy in the character of partial surrenders (withdrawals) up to basis or policy loans will generally be income tax free, provided the policy does not violate Modified Endowment Contract (MEC) guidelines and the policy is not terminated during the lifetime of the insured.

And the insured can generally access most of the funds anyway, tax - free, via policy withdrawals and loans.

Distributions from a life insurance policy in the character of partial surrenders (withdrawals) up to basis or policy loans will generally be income tax - free, provided the policy does not violate Modified Endowment Contract (MEC) guidelines and the policy is not terminated during the lifetime of the insured.

Under current Federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse or mature, and is not a modified endowment contract.

A reverse mortgage is a unique, Federal Housing Administration (FHA)- insured loan that allows eligible homeowners age 62 years and older to convert a portion of their home's equity into tax - free1 funds without having to pay monthly mortgage payments.2 The loan generally does not have to be repaid until the last homeowner on title passes away or no longer lives in the home as their primary residence.

CMHC will underwrite and insure commerical loans for anything over 4 units across Canada for as little as 15 % down, although the min down generally never materializes as their values are very conversative, often much less than the purchase price.

A conventional, or conforming, loan is one not insured by the Federal Housing Administration (FHA) or guaranteed by the Veterans Administration (VA), two federal government agencies that make homeownership possible and generally more affordable for a large segment of the population.

It is a great product for many people in that not only does it allow one to buy (or refinance) with they otherwise might not be able to, since every FHA loan is insured against default investors love them and the interest rate is generally lower than many other options!

RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families and that are: (1) Made by a lender with Federal deposit insurance; (2) made, insured, guaranteed, supplemented, or assisted in any way by any officer or agency of the Federal government; (3) intended to be sold to Fannie Mae, Ginnie Mae, or (directly or through an intervening purchaser) Freddie Mac; or (4) made by a «creditor,» as defined under TILA, that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.