Sentences with phrase «maintain ownership of your home»

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 the borrower, you maintain ownership of your home and must pay all property taxes and insurance fees.

If you take out a reverse mortgage, you receive monthly payments and maintain ownership of your home.

yes A reverse mortgage is not the same as selling your home to the bank, so you maintain ownership of your home.

The bill that Congress passed goes further than just the FHA loans with prevention measures to help borrowers avoid predatory mortgage lending and assist bankrupt borrowers maintain ownership of their homes.

He also negotiated a settlement with state attorneys general regarding the Countrywide Finance / Bank of America mortgage lending practices investigation, resulting in a creative loan modification program intended to help more than 400,000 families maintain ownership of their homes.

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.

It's highly recommended, and you're covered as long as you maintain ownership of the home.

Not exact matches

Fact: The bank does not take ownership of your home after getting a reverse mortgage; reverse mortgage borrowers maintain their ownership and title of the home.

By adopting the National Industry Standards, home ownership counseling organizations demonstrate their belief in the importance of maintaining a high level of expertise on the part of their counselors and educators as well as ensuring that all clients receive consistent, quality service.

In the event of the borrower's death, the home is transferred to heirs of the estate who have the option of selling the home or pay off the reverse mortgage or maintaining ownership of the property.

This benefit allows you to maintain complete ownership of your home without a time constraint.

Many of these homeowners are trying to get a grip on what options they have to maintain, sell, or transfer ownership of their homes.

As long as the property is maintained in reasonably good condition and the property taxes and insurance are paid current, the homeowner (s) will enjoy the benefits of home ownership.

Maintaining a home costs money, and it might cost more in the first few years of ownership.

A reverse mortgage refinance is a financing tool often used by heirs who wish to maintain ownership of a reverse - mortgaged home they have inherited.

As the leadership has maintained a forward - looking approach, New American Funding formed the Latino Focus Committee in 2013 to address the challenges Hispanic consumers face in their pursuit of home ownership.

Heartland's mission is: a) to provide a no - kill shelter for the care, humane treatment, and adoption of lost, stray, and abandoned animals; b) to find permanent, loving homes for homeless animals and promote responsible pet ownership through education, community outreach, and collaboration while maintaining respect and compassion for all creatures.

Owning a dog ownership has long been a cited method of maintaining a safe home and deterring against burglars.

This is an added benefit to ownership; having access to quality resort destinations with flexible options, without the expense and responsibility of maintaining a second home.

Taking ownership of the island as their own home is perhaps why the crime rate in this island is low, the pathways are free of litter, public facilities are well maintained, and businesses chip in to contribute to the upkeep of the tourism standards — including starting a tourism school for youths.

The good news is that most major rental companies take the responsibility of home ownership off your hands appropriately, leaving you with a hassle - free and convenient living arrangement.As you move up into nice apartments and freestanding homes, it pays to maintain strong relationships with the renters in case of any unforeseen events.Litigation should only be used as a last resort, so read your contact carefully if you want to avoid ugly and expensive deliberations down the line.You'll be glad you protected yourself during an often unpredictable and costly process.

And while the Government's home ownership scheme will assist some Indigenous people to purchase their own homes, it will end up transferring the considerable costs of maintaining «low cost» houses in the harsh conditions of remote Australia on to low income Indigenous families.

Retaining ownership of a home that is large or expensive to maintain can rapidly eat through your assets.

Strategies: On site training for CY people in the housing and construction industry; all building contractors to employ Indigenous people for the purpose of skills development; extend telecommunications and broadcasting capacity; maintain regional network of airstrips; support the sealing of roads; pursue home ownership.

Strategies: Maintain effective representation in Aboriginal Housing Authority; promote employment / business development opportunities through established Indigenous building companies to manage Indigenous efforts; encourage private home ownership by removing constraints to housing finance on Aboriginal land; promoting use of alternative energy and rain water harvesting; develop committed plans to replace asbestos within housing occupied by Indigenous people.

«Fixed - and low - income residents may struggle to maintain home ownership, renters may unfairly carry the burden of a negative tax shift and first - time buyers may choose not to buy at all.

Plus, expensive homes can take longer to sell and are more costly for banks to maintain, so banks may be more hesitant to take ownership of them.

Fact: The bank does not take ownership of your home after getting a reverse mortgage; reverse mortgage borrowers maintain their ownership and title of the home.

One of the most misunderstood aspects of ownership is how much money is needed to maintain the home.

One analysis, provided by Evan M. Liddiard, senior federal tax policy representative for the National Association of Realtors, maintains that if you raise the standard deduction dramatically, «itemized deductions become less relevant» and previously valuable and distinctive «tax incentives [for] home ownership evaporate even while taxes are not necessarily being reduced.»

For decades, tax laws and economic policies have been designed and enacted to encourage home ownership and maintain a strong housing market, especially when other areas of the economy are on the decline.

Located in the ski town of Bend, Ore., this lovely home has been immaculately maintained and shows pride of ownership throughout.

Pride of ownership shows in this well maintained move in ready home with soaring ceilings, strategically placed windows for abundant natural light, spacious living areas & kitchen and fun backyard for entertaining!

A reverse mortgage allows you to access a portion of your home equity as cash, while remaining in your home and maintaining ownership.1 Reverse mortgages, unlike conventional mortgages, do not require monthly -LSB-...]

A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining ownership.1 The process of acquiring a HECM loan is very similar to other types of financing, but prospective borrowers are often surprised to learn that they can not access all of their home equity with a HECM.

Home ownership can be a significant source of equity over the long term and the ability to maintain the asset requires a thoughtful approach at this critical decision point.