Sentences with phrase «loan under current guidelines»
Lenders gave mortgage loans to an army of high - risk borrowers — people who would never qualify for a loan under current guidelines.
http://www.homebuyinginstitute.com/ Not exact matches
Under the current IRS guidelines, forgiven debt is treated as taxable income, including loans that are eliminated through income - based repayment.
In most cases, borrowers with FHA - insured home loans have to pay their FHA insurance premiums for the life of the loan, under the current guidelines.
The reverse mortgage allows you to stay in your home until the last borrower on the loan (or under the current guidelines, a qualified spouse who is under the age of 62 at the time the loan is obtained and is recognized as a Non-borrowing spouse) permanently leaves the residence.
Current home owners who have a Kentucky USDA loan will be able to refinance their Kentucky USDA loan under the Kentucky USDA Streamline Refinance Pilot program even if they are no longer in an eligible area, but you still need to meet the county income guidelines.
Some analysts are predicting a wave of foreclosures during 2010 - 2011, as historical data indicates that mortgage loans are most likely to fail during their second and third years, but FHA doesn't expect higher than normal foreclosures under current guidelines.