Sentences with phrase «larger equity cushion»
The downside is the max LTV might be lower to compensate for risk, so you'll probably need a fairly large equity cushion.
https://www.thetruthaboutmortgage.com/ Not exact matches
1) maintain large cash cushion 2) ability to tap into home equity 3) financial plan extends beyond actual anticipated lifespan 4) targeting available cash flows of more than 50 % above anticipated spending
1) The bondholders could voluntarily agree to move a portion of their claims lower down in the capital structure, swapping debt for equity (preferred or common), allowing the bank to have a larger cushion of Tier - 1 capital, avoiding insolvency, and hopefully allowing the bank to recover by its own bootstraps, preferably assisted by debt restructuring on the borrower side (via property appreciation rights and the like).
If you have the cash handy, I would buy in cash 100 % of the time, and have a large enough equity cushion to refinance should I desire.