Sentences with phrase «loan to value requested»

The specific rate will vary based on many variables such as the lender, borrower, property and loan to value requested.

Not exact matches

Once you've made at least five years of premium payments and reached a loan - to - value ratio of 80 %, you can request removal of premiums.

When borrowers request a loan for an amount that is at or near the appraised value, and therefore a higher loan - to - value ratio, lenders perceive that there is a greater chance of the loan going into default because there is little to no equity built up within the property.

Despite a second transfer request from Mahrez in eight months, Leicester reportedly held out for # 80 million, with even City's cash - rich Abu Dhabi owners apparently unwilling to go beyond a deal worth # 50 million plus a player City valued at # 15 million, believed to be 21 - year - old winger Patrick Roberts who is currently on loan at Celtic.

If your loan request is for more than 80 percent of the purchase price, it will need to be verified you have at least 5 percent of the property's value in your own assets.

Mortgage loans rates and closing costs and fees vary based on many factors, including your particular credit and financial circumstances, your earnings history, the loan - to - value requested, and the type of property that will secure your loan.

The applicant's assets are part of his overall credit worthiness and thus, the loan amount he will be able to request can easily reach the value of his property or even more.

For most loans, you can request cancellation of PMI once the loan - to - value ratio falls below 80 %.

The borrower may request higher loan - to - value coverage from the lender to reduce his / her initial down payment.

Once you've made at least five years of premium payments and reached a loan - to - value ratio of 80 %, you can request removal of premiums.

When a home owner's loan amount fall below 80 % loan to value they may submit a request to their bank to eliminate the Mortgage Insurance.

We request your name, address, phone number, birth date, residence type, employment information, value of assets, and Social Security number to process your loan application.

Use this form to request a loan against the cash value of your policy, while still maintaining your insurance coverage.

Part of the underwriting process reviews the appraisal of your prospective home to make sure its value matches the size of the loan you are requesting.

Interest rates vary based on credit score and other credit criteria, including loan to value for home - secured loan requests.

For example, a borrower requesting an equity loan of $ 20,000 on a home appraised at $ 100,000 with an existing mortgage lien of $ 50,000 would have a loan - to - value (LTV) ratio of 70 % (50,000 +20,000 / 100,000).

Fannie Mae agrees to Obama's request for no caps on loan to value ratios on the new HARP loans and additional underwriting flexibilities of > 105.01 % are limited to fully amortized home loans with fixed interest rates with a maximum amortization of 30 - years or 360 months.

One «trick» around this is to request a check to pay down a mortgage or student loan — they'll give you a value of one cent per point if you do this, and they just make out a check to the bank you tell them.

Loan Form Use this form to request a loan against the cash value of your policy, while still maintaining your insurance coverLoan Form Use this form to request a loan against the cash value of your policy, while still maintaining your insurance coverloan against the cash value of your policy, while still maintaining your insurance coverage.

When you get to the 80 % loan to home value ratio, you can then request the PMI on your loan be dropped.

If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that option).

«The lender we worked with granted our client's request for the rate - lock in addition to aggressive terms such as nonrecourse, 75 percent loan - to - value, cash out and a very low interest rate of 3.3 percent.»

Loan to Value — This frequently used term refers to the ratio between the appraised value of a property to the amount of the loan request; it is often abbreviated as Loan to Value — This frequently used term refers to the ratio between the appraised value of a property to the amount of the loan request; it is often abbreviated asValue — This frequently used term refers to the ratio between the appraised value of a property to the amount of the loan request; it is often abbreviated asvalue of a property to the amount of the loan request; it is often abbreviated as loan request; it is often abbreviated as LTV.

Over the next couple of years, Montegra at our request significantly increased the amount of principal in this loan to keep pace with its increased appraised value.

Preparation of a loan request package to prospective Lenders that details the subject property (location, description, pictures etc.), loan request and structure (loan amount, loan budget, loan type, loan term and preferred interest rate), net operating Income, estimated debt coverage ratio, estimated value, and highlights of the borrower's financial condition and experience.

When evaluating a mortgage loan request, besides the debt coverage ratio, the other critical indicator used by bank loan officers is the Loan To Value (LTV) Raloan request, besides the debt coverage ratio, the other critical indicator used by bank loan officers is the Loan To Value (LTV) Raloan officers is the Loan To Value (LTV) RaLoan To Value (LTV) Ratio.

Additionally, the borrower can request the private mortgage insurance to be cancelled once the loan reaches 80 % of the original value, based on either the actual payments made, or the initial amortization schedule (for fixed rate loans) or current amortization schedule (adjustable rate loans), irrespective of the actual loan balance.

Because Montegra has no loan committees or chief credit officers and minimal red tape, we are able to respond to most requests with a definitive answer within 24 hours (subject to receiving appraisal confirmation of the property's value) and to close on acquisition loans within 30 days (compared to the months that traditional lenders typically require).

Mr. Davis says proposed new seasoning requirements for bridge loans keep the two - year limit in place if the requested 232 loan is greater than or equal to 71 percent of loan - to - value (LTV).

Montegra is usually able to approve requests regarding the acquisition of good properties with acceptable loan - to - value (LTV) rates.