Sentences with phrase «loan balance exceeds»

In addition, provided the home is sold to repay the loan, your heirs will not be personally liable if the loan balance exceeds the value of the home.

False: You or your heirs will not be required to repay more than the value of your home at the time of sale to repay the loan even if your loan balance exceeds the sales proceeds.

- If your new HARP loan is a fixed rate loan, it doesn't matter how much your loan balance exceeds your home's value.

The lender is protected if a borrower defaults on the loan, and the borrower is protected if the lender goes out of business or the loan balance exceeds the value of the home.

You or your heirs will not be required to pay more than the value of your home at the time the loan is repaid; even if your loan balance exceeds the value of your home provided you or your heirs decide to sell the home.

With a tenure payment plan it doesn't matter if the loan balance exceeds the value of your home, you will still receive the same monthly payment.

Also, if the amount of the unpaid interest on your loan plus your outstanding loan balance exceeds the amount of your policy's cash value, your policy and all coverage will terminate.

If your loan balance exceeds the policy's cash value, your policy could lapse; but insurers give you plenty of chances to pay more money to keep the policy in force.

Even in the event that the loan balance exceeds the value of the home, the borrower is not personally responsible to pay back the shortfall.

With a tenure payment plan it doesn't matter if the loan balance exceeds the value of your home, you will still receive the same monthly payment.

If the loan balance exceeds the value of the home, FHA reimburses the lender for the difference when the estate sells the home.

You or your heirs will not be required to pay more than the value of your home at the time the loan is repaid; even if your loan balance exceeds the value of your home provided you or your heirs decide to sell the home.

In theory, a debt crisis isn't possible unless a significant proportion of loans are underwater: the loan balance exceeds the underlying asset's value, in this case the value of the car financed.

You are «upside down» in your car loan when your car loan balance exceeds your car's market value.

My loan balance exceeds the value of my property.

The lender is protected if a borrower defaults on the loan, and the borrower is protected if the lender goes out of business or the loan balance exceeds the value of the home.

If your positions lose value too quickly and your margin loan balance exceeds the proceeds from the securities your broker closed out, you could end up with no securities at all, but still owing money.

For loan balances exceeding $ 100,000, the borrower or cosigner (if applicable) must meet the $ 50,000 income requirement.

For the lender, this assured compensation if ever the loan balance exceeded the home's value.

So, if you do make a 20 percent down payment, you'd be able to buy a house for as much as $ 521,875 and without the original loan balance exceeding $ 417,500 (assuming that you also pay all the closing costs and expenses up front rather than finance them).

Underwater Mortgage Relief When Loan Balances Exceed Home Values (see lender for HARP 2.0 guidelines and requirements)

For the lender, this assured compensation if ever the loan balance exceeded the home's value.

Not exact matches

If you're considering a larger mortgage, the company originates jumbo loans that accommodate mortgage balances exceeding the conforming loan limit set for conventional home loans.

If you already have a hefty student loan balance or other debts, such as credit cards or a car payment, your ratio of income - to - debt might exceed lender limits.

Likewise, for loans in the income contingent repayment program, where the interest is not capitalized after it exceeds ten percent of the original principal amount.3 It is always better to have prepayments used to reduce the loan balance, since this will cost you less over the lifetime of the loan.

Adding those balances may extend the repayment term on your Direct Consolidation Loan, as long as the total amount of the loans not being consolidated doesn't exceed the total amount that is being consolidated.

With a cash - out refinance, the loan balance of the new mortgage exceeds than the original mortgage balance by five percent or more.

Under the ICR plan, outstanding interest is capitalized annually, but the amount of interest that is capitalized can never exceed 10 % of the original principal balance of your loan at the time that it entered the ICR plan.

Loans allow you to borrow up to 50 percent of your vested account balance, not exceeding $ 50,000.

The Board heard the application, which was below the normal $ 350,000 threshold for Board approval, because Niagara Lubricant has an existing loan balance that when added to this loan request, exceeds that limit.

The remaining installment term exceeds the introductory period — for example, if you have 24 remaining monthly payments on the personal loan, and the balance transfer has a 12 - month period, you will have to double your monthly outlay to maximize the interest savings.

For both types of loans, the borrower may not have foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

Minimum monthly payment during the repayment period is the greater of $ 100.00 or an amount sufficient to amortize the loan based on APR, balance and remaining loan term, not to exceed 240 months.

Unlike a standard loan that ends when the balance is paid off, revolving credit automatically renews as long as you make minimum payments, and don't exceed the credit limit.

The projected balance of loans to be forgiven now exceeds $ 70 billion according to the Government Accountability Office.

1Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on — time payments with a borrower FICO greater than 699 and minimum income requirement of $ 30,000 for loan balances up to $ 100,000, and income requirement of $ 50,000 for loan balances over $ 100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

3 Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on — time payments with a borrower FICO > 749 for EDvestinU Private Student Loans and minimum income requirement of $ 30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

This means that if you have a mortgage, car loan, credit card balance, etc. that exceeds 32 % of your gross income; you're probably going to be out of luck with a prime lender.

This is true even if the loan balance eventually grows to exceed the value of the home.

Then, to reinforced this point, in 2009, Fannie Mae and Freddie Mac introduced the idea of «high - balance» loans; loans which exceed the national conforming loan limit for borrowers in high - cost parts of the country.

A new Fannie Mae policy expands access to the popular High - Balance Conforming Loan program, which helps home buyers whose loan size exceeds the national conforming loan liLoan program, which helps home buyers whose loan size exceeds the national conforming loan liloan size exceeds the national conforming loan liloan limit.

In a case where the reverse mortgage balance exceeds the value of the home, the insurance compensates the lender for the difference between what they are allowed to collect from the homeowner and the actual balance of the loan.

And these loans are non-recourse, so even if the property securing the reverse mortgage has dropped 60 % to 75 % in value, and the balance of the loan exceeds the current property value, the borrower walks away freely and the program eats the difference.

The fact that there is equity available on a property provides tranquility to a lender even if the property is not used as collateral because the lender knows that in the event of default, even though the mortgage lender has privileges over the property, he can still collect from the remaining amount produced by the sell of the property if the balance on the secured loan does not exceed the value of the property.

There is an exception for interest - deductible HELOCs available to homeowners provided they qualify on 2 criteria: They use the proceeds of the loan to make «substantial improvements» to their home, and the combined total of their first mortgage balance and their HELOC or second mortgage does not exceed the new $ 750,000 limit on mortgage amounts qualified for interest deductions.

Loan Consolidation - If you consolidate your loans, and the balance exceeds $ 30,000, you will have the option of setting up an «extended» repayment plan to stretch the payments out to a term of up to 25 years.

So, the new loan balance can't exceed the current amount outstanding, plus the upfront portion of the mortgage insurance premium.

If you're considering a larger mortgage, the company originates jumbo loans that accommodate mortgage balances exceeding the conforming loan limit set for conventional home loans.

Withdrawals that exceed the cash in the account by using loan value generated from positions held in margin will increase the margin debit balance in the account.

If you finance most or all of the purchase price, there's a good chance the amount of your loan will exceed the car's value and you'll be responsible for paying the balance.