Sentences with phrase «long as the homeowner»

As long as the homeowners meet the criteria set by the IRS, the full amount of the mortgage interest paid during the tax year, within the dollar limit, can be deducted.

Via the program, so long as a homeowner's been making monthly payments on time; and, so long as those payments are dropping by five percent or more, the FHA will allow a no - verification refinance to today's current FHA mortgage rates.

As long as homeowners in affluent suburbs are allowed to benefit from the high density of cities (where they tend to work or find business and social networks) without accounting for the higher costs of public services to support it, they will continue to be barriers to inexpensive housing in their jurisdictions.

For example, a policy may have a large loss deductible waiver if the claim exceeds $ 50,000 as long as the homeowner elected to have a deductible less than $ 50,000.

With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.

FHA cash - out refinance loans are permitted as long as the homeowner has been current on their mortgage payments for the most recent 12 months.

With a reverse mortgage, there are no payments required for as long as the homeowner remains in the house.

Now, as long as the homeowner stays current with the mortgage payments and pays the amount agreed upon, they will be fine.

The homeowner doesn't always have to own their home outright; a purchasing company may accept a reverse mortgage as long as the homeowner owns the majority of the home, however, the process is considerably simpler if the homeowner owns the entire property.

Reverse mortgage solutions provide cash or monthly payments, and no repayment on the loan is due for as long as the homeowner lives in the home.

It does not become due for as long as the homeowner lives in the property as their primary residence, continues to pay required property taxes and insurance and maintains the home according to FHA requirements.

With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.

Not exact matches

But it doesn't take a new homeowner long to discover just how large that premium can be in money and time: the constant outlays on maintenance and repairs (at least 1 % of the purchase price per year, experts estimate, and as much as 4 %), the chores and DIY projects that eat up weekends, the pressure to keep up with the ever - gentrifying Joneses.

To stay on top of even bigger goals, such as becoming a homeowner or having kids, Greene recommends using a tool like Mint, where you can visualize and track your long - term savings goals.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

Homeowners who owe more than 80 % of their home's price are eligible, as long as their mortgage is owned by Fannie Mae and Freddie Mac.

As Philip Stoddard, mayor of South Miami, said of the prospect of bailouts for homeowners who wait too long to sell: «There isn't enough money.»

With Bay Area refinance rates so low, many homeowners are now in a position to reduce their monthly payments as well as their long - term interest costs.

Additionally, low mortgage rates spur refinances as homeowners move to lock up long - term savings.

As long as the loans are used to bid up property, stock and bond prices, they can claim that they are «responding to the market» by getting homeowners, commercial real estate investors, corporate raiders and financial managers to pledge their assets as collateral for yet new loans in a process that seems to be self - sustaininAs long as the loans are used to bid up property, stock and bond prices, they can claim that they are «responding to the market» by getting homeowners, commercial real estate investors, corporate raiders and financial managers to pledge their assets as collateral for yet new loans in a process that seems to be self - sustaininas the loans are used to bid up property, stock and bond prices, they can claim that they are «responding to the market» by getting homeowners, commercial real estate investors, corporate raiders and financial managers to pledge their assets as collateral for yet new loans in a process that seems to be self - sustaininas collateral for yet new loans in a process that seems to be self - sustaining.

The FHA requires some homeowners to pay mortgage insurance for as long as their loan is in effect.

Automation had been marketed as making your home more comfortable \ making it easier to live in — whether that be lights which go off automatically when they no longer sense movement, or a heater which can be controlled remotely, is up to the individual homeowner.

As a result, homeowners and other land owners will no longer be paying property taxes to cover the costs of operating two sets of parks and recreational sites.

People just don't stay put long and not as many young families are homeowners.

The circuit - breaker unavoidably delivers bigger average savings to downstate suburbanites than to upstate homeowners, as reflected in the governor's estimate that the average savings will reach $ 1,200 on Long Island, compared to $ 781 upstate.

The agency is perhaps best known for its role in managing the city's complex water system and proposing the city's water rates, which have long been criticized by some advocates as a backdoor tax on homeowners.

For existing homeowners, that means the first $ 30,000 of the full value of a home remains exempt from school taxes, as long as you have a family income below $ 500,000, state officials say.

His statement might come as a surprise to homeowners on Long Island and other counties near New York City, where median property tax bills exceed $ 10,000.

2008's «The Strangers» stayed with audiences long after screenings, causing homeowners to draw their curtains and avoid answering the door after dark, and earned its place as an incredibly unsettling film well - suited for the horror canon.

The film's first half is essentially a send - up of the first Paranormal Activity film (for those who can recall it), with Wayans as Malcolm Jones, a new homeowner welcoming his long - time girlfriend, Kisha (Essence Atkins) into his man - world.

If you are looking for a way to pay off your existing mortgage to free up cash, you may be eligible to get a reverse mortgage loan to leverage your home's equity and pay off your existing mortgage.2 Reverse mortgages, unlike forward mortgages, do not require monthly mortgage payments for as long as you live in the home as your primary residence, maintain it in accordance with HUD guidelines, and pay your property taxes and homeowner's insurance.1

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

Long - term: The lender may report that the homeowner did not pay the original account as agreed.

Short sale assistance means no cost to you, as a homeowner, as well as no impact on your security clearance and minimal credit score impact, as long as you're current on your loan.

Homeowners who owe more than 80 % of their home's price are eligible, as long as their mortgage is owned by Fannie Mae and Freddie Mac.

The only way for the mortgage holder to «default» was for the principal of the mortgage to reach a certain, predetermined level, but this was avoidable under certain conditions — as long as home prices were rising like they were in the years leading up to the GFC, homeowners could refinance and avoid defaulting.

As long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homAs long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homas they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the home.

As US homeowners continue to struggle with long term unemployment and home values below their mortgage amounts, FHA is amending its requirements to allow mortgage lenders to assist homeowners at risk of «imminent default.»

Dear Alonzo, As a result of the Great Recession of 2007 - 09, many homeowners lost their homes to foreclosure or one of the alternatives to foreclosure, such as deed in lieu of foreclosure, short sale, loan modification or other tools for getting out from under a no - longer - affordable mortgagAs a result of the Great Recession of 2007 - 09, many homeowners lost their homes to foreclosure or one of the alternatives to foreclosure, such as deed in lieu of foreclosure, short sale, loan modification or other tools for getting out from under a no - longer - affordable mortgagas deed in lieu of foreclosure, short sale, loan modification or other tools for getting out from under a no - longer - affordable mortgage.

Once we determine potential risks, your advisor will recommend the most suitable coverage for you and your family, such as long - term care, life insurance, homeowner's insurance and automobile policies.

Although the HECM reverse mortgage program is designed so that you don't have to repay the loan as long as you remain in your home, the program also requires that you stay current with homeowners insurance and property taxes and keep the property in good repair (to maintain its market value).

After your passing, your spouse may remain in the home, continuing to defer loan repayment, as long as all loan and FHA requirements continue to be met, including maintenance of the home and payment of all property taxes, fees, and homeowner's insurance.

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan -LSB-...]

The non-borrowing spouse can remain in the home indefinitely as long as the property taxes and homeowner's insurance are kept up to date and the house is maintained properly.

There are no long credit verification processes for homeowners and you'll get lower interest rates on your loans, lower monthly payments, higher loan amounts and more flexible repayment programs so as to suit your needs and budget.

As long as you live in the home as your primary residence and are up to date on your loan obligations (property taxes, homeowner's insurance and home repairs), the reverse mortgage will not be due and payable, and you won't be required to repay iAs long as you live in the home as your primary residence and are up to date on your loan obligations (property taxes, homeowner's insurance and home repairs), the reverse mortgage will not be due and payable, and you won't be required to repay ias you live in the home as your primary residence and are up to date on your loan obligations (property taxes, homeowner's insurance and home repairs), the reverse mortgage will not be due and payable, and you won't be required to repay ias your primary residence and are up to date on your loan obligations (property taxes, homeowner's insurance and home repairs), the reverse mortgage will not be due and payable, and you won't be required to repay it.

You continue to maintain ownership of your home, as long as you comply with the terms of the loan and pay your property taxes and homeowner's insurance.

As long as most of the homeowners in the mortgage pool keep up with their payments, a mortgage bond is a safe and reliable income - producing securitAs long as most of the homeowners in the mortgage pool keep up with their payments, a mortgage bond is a safe and reliable income - producing securitas most of the homeowners in the mortgage pool keep up with their payments, a mortgage bond is a safe and reliable income - producing security.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

If the homeowner defaults on the mortgage for any reason, the lender will be compensated for losses (as long as they have made the loan in accordance with HUD's guidelines).