Sentences with phrase «meaning loans on your properties»

Inflation: The value of a dollar is decreasing, meaning loans on your properties are essentially getting paid down by the difference.

Not exact matches

It's unsecured, which means a higher interest rate because there's no property for the lender to seize if you default on the loan.

This means that if you decide to sell the property, the buyer can take over the loan for you, releasing you from any obligation on the loan.

This means that in the event that a borrower fails to repay, we would seek to recover the outstanding loan by selling the property and passing the proceeds on to investors.

That means the blanket loan will survive the sale of one or more of the properties on which it is secured.

But a pre-approval means you applied for a mortgage and can close on your loan as long as the property meets the lender's guidelines.

STORE Capital actually source its debt from both unsecured bonds (which are BBB rated with a stable outlook) and on a non-recourse basis, meaning that its individual properties are collateral for loans taken to buy them.

That means you can deduct mortgage interest on a loan used to buy it, and deduct property taxes and other items under normal tax rules that apply to residences.

Personal loan: A type of unsecured loan, meaning not tied to any property, for personal use and typically based on creditworthiness and other factors.

Like most people you probably don't have enough cash on hand to buy a property outright and need to obtain a mortgage loan, which means you are committing to many years of loan payments.

Closing Costs Guaranteed means that AHC Lending's Processing and Underwriting fees (if applicable) for your loan application will not change between the time your rate is locked and the time you close, assuming the following: No change in your loan amount, property value, property type, occupancy purpose, interest rate, lender credit or discount points, credit rating, any stated items on your application, such as your income, assets, job history, address history, legal residency status, or any other factor that may affect the underwriting decision of the loan you applied for do not change.

Some mortgage lenders will make a loan and then go on to service it, meaning they collect the monthly payments, handle the escrow accounts for your property taxes and homeowners insurance and more.

Dear Prakash, Even after making him as co-owner of the property, bank denies giving home loan means then it could be based on the specific bank's policies and underwriting rules.

In the U.S., by law, a reverse mortgage can be the only mortgage on the property, meaning any other conventional mortgages must have been first paid off, even if some of the proceeds from the reverse mortgage loan are used.

If Bank A agrees to give you a loan on the property of your choice, it means it is satisfied with the evaluation process of your home to be and gives its stamp of approval on the property.

On the other hand, a home loan is secured debt, which means failure to pay could result in the property being seized.

Not surprisingly, people without credit scores on file at the main three bureaus — which factor in data about credit cards and college and auto loans — typically have low incomes and, as a result, often lack the means to purchase property.

On the other hand, mortgages or home loans, auto loans, and the like are considered secured debt, meaning there is a specific piece of property that can be collected if you fail to pay your lender.

Having equity means the market value of your home is greater than the outstanding balance of all liens on the property — that is, your mortgage loan, any second mortgage or home equity loans, plus other liens, such as tax liens or Homeowners Association dues.

This loan is provided as a registered open mortgage on a property, meaning that you can end things early by taking a fine of 3 months interest fees.

However, if this has happened with my first three investments then this means Peer Street is taking on loans that are too risky and it will end up being expensive for them to pay legal fees and costs to take over and sell properties.

Capitalizing means including on your income tax form the interest you've paid as part of a business property purchase from a personal loan.

Using a traditional loan or cash to finance a home purchase means that the buyer will be relaying on an appraisal as a method of determining the value of the property.

Even with the best - laid plans, taking on a secured loan means that your personal property may be repossessed.

Allows a homeowner to purchase a property with a small down payment — this means they have little value in their home and they will end up paying more interest on the home loan.

This means that after property owners have made the last installment payment on their loans, their wind systems will then be producing electricity at no cost other than the modest cost of maintaining the system.

In the long run, it is fine, as it was over 6.75 % mortgage, I got my next property at the under - 4 property loan levels as paying it off brought me back to 3 mortgages, and I can always take a loan on it again, although that would mean additional costs to get my money back out, so probably won't.

I believe this property should appraise for at least $ 180,000, which means if the bank will provide a 70 % loan - to - value mortgage on this property, I should be able to get a loan for $ 126,000 — paying off my private lender entirely and allowing me to pay the bank loan back as well.

To top all this — you can use the 203K loan on small multifamily properties as well — which means you can combine all the benefits of the live - in flip and the small multifamily strategy into one, feasible plan.

Banks are typically averse to underwriting non-recourse loans as it means assuming more risk on their part as this type of loan only allows them to foreclose on the property in the event of a default, and does not allow them to seek additional money from the borrower if the proceeds from the foreclosure are less than what is owed on the loan.

We'll help you evaluate properties by giving you objective feedback (even if it means giving you reasons not to buy), answer questions and provide advice on home loans, first - time home buyer programs, market value, price negotiations, home inspections and, of course, matters specifically related to single - family homes, condominiums and / or multi-family properties.

The challenge you face in terms of advising a client to go through with a short sale or doing a deed - in - lieu of foreclosure is that the owner may have both recourse and nonrecourse loans on the same property, which means one or more loans may be subject to deficiency judgments while other loans on the property are not.

Some mortgage lenders will make a loan and then go on to service it, meaning they collect the monthly payments, handle the escrow accounts for your property taxes and homeowners insurance and more.

However, several states, including Virginia and Texas, prohibit practitioners from receiving «dual compensation» in the same transaction, which means you can't originate a loan on a property for which you represent the buyer or the seller.

The credit union piece is tough because my local ones here in Vermont are reluctant to loan on properties out of state, so I suppose that means looking to CA credit unions?

The study also found 31.8 percent of all single - family, detached homes with mortgages in the Chicago area were underwater at the end of March, meaning the homeowners owed more on the loans than the properties were worth.

RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families and that are: (1) Made by a lender with Federal deposit insurance; (2) made, insured, guaranteed, supplemented, or assisted in any way by any officer or agency of the Federal government; (3) intended to be sold to Fannie Mae, Ginnie Mae, or (directly or through an intervening purchaser) Freddie Mac; or (4) made by a «creditor,» as defined under TILA, that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.

Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a «VA to VA» loan, meaning it can only be done if you have an existing VA guaranteed loan on the propeLoan (IRRRL): The IRRRL is a «VA to VA» loan, meaning it can only be done if you have an existing VA guaranteed loan on the propeloan, meaning it can only be done if you have an existing VA guaranteed loan on the propeloan on the property.

As noted above, RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families, and that have a Federal nexus or are made by a TILA «creditor» that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.