Sentences with phrase «means little equity»
A high LTV means little equity for the lender to utilize.
http://mortgagebrokerstore.com/ Not exact matches
In the 1950s and 1960s, African Americans were prohibited from borrowing through traditional means, so they entered into contract - for - deed arrangements, which left them with little equity to pass on to their children.
That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.
High debt means too little equity for the lender to make a profit from the sale of a property in default.
This means that with too little equity borrowers will not be in a position to repay the debt.
If you own a vehicle, meaning a motorcycle, automobile (car), truck, or RV (motorhome) and it has a valid title that shows you own it, you may be able to borrow against the equity in the vehicle and get a same - day cash loan in as little as 30 minutes.
Lenders generally avoid houses with too much debt as it means there is too little equity left for the owner.
They also reported that another 11.2 million homeowners are now in a «low equity» position, which means they are no longer underwater, but have only a little equity.
In the housing market crisis, lots of homeowners have lost their home equity and have little means for down payments as a result.
That's because when stocks have high multiples and tight spreads, there's little upside in holding them (future return has been brought forward to today) but there's lots of downside due to their equity valuations tendency to mean revert.
They agreed with me, and that was put to rest... until I left the firm, and the equity own got the deal done, paying up a little more, but by no means what he should have.
If the owner has little equity, this could mean a lower upfront cost for the buyer.
This gave Maryland first time home buyers instant equity in their house, which meant even if the market went down a little they would still be coming out ahead.
What I mean by this is, if you want to create an impact in your market, the only two ways are to buy your way in through print advertising, billboards, bus benches, expensive mailings, flyers and farm campaigns, or, if you have little to no available resources, you must hit the streets and put in some sweat equity.