Sentences with phrase «little home equity»

No property appraisal is required, so it doesn't matter how little home equity you have or even if you're underwater on your mortgage.

It also doesn't matter how little home equity you have or if you're underwater on your mortgage.

FHA lending requirements are more lenient than conventional mortgage lending guidelines, which can make it easier for borrowers with little home equity to refinance.

An assumable home loan is most attractive to buyers when the mortgage rate is low and the sellers have little home equity.

Homeowners with an FHA mortgage may have little home equity or negative equity due to the low down payment requirements for FHA loans.

Now that conventional mortgage lenders are resuming more conservative lending practices, FHA loans are meeting the needs of borrowers with little cash, credit problems, and in the case of refinance loans, little home equity.

with falling home values and tighter credit requirements, an FHA home loan can provide the flexibility needed by first time buyers or homeowners with little home equity.

If you have little home equity and a lot of debt, the new FHA loan requirements may make it impossible to refinance for enough to consolidate all of your debts.

FHA loans offer flexible requirements that can help buyers and homeowners who have credit problems or little home equity.

The thinking is that borrowers with little home equity are only a job loss, illness or other unpredictable financial disaster away from not making a house payment and will abandon their home to foreclosure if they owe more than the home is worth.

You also risk owing more on your home than it's worth if home values decrease and / or you have little home equity.

If you're buying a home and plan to make a low downpayment; or refinancing one and have little home equity, look to the Conventional 97 program.

A loan applicant with a high loan - to - value ratio on their home and an excellent credit score is likely to get a lower rate than an applicant with little home equity and a spotty credit history.

If you're buying a home and plan to make a low downpayment; or refinancing one and have little home equity, look to the Conventional 97 program.