Sentences with phrase «meet the monthly payment obligations»

Reverse mortgages are attractive to cash strapped seniors that normally wouldn't be able to meet the monthly payment obligations of a first or second mortgage, or a home equity line of credit (HELOC).

It is critical... that borrowers who pursue rehabilitation understand that it can only be successfully completed once and, as such, may not be the most suitable option for borrowers who may not be able to continue to meet their monthly payment obligations once they return to current status.

After all, the confidence that a history of meeting monthly payment obligations and repaying a loan is gone, so there is nothing that a lender can rely on.

While many may currently be meeting their monthly payment obligations, a recent study done by TransUnion determined that even a 1 % increase in interest on mortgages could be seriously problematic for the average Canadian family.

Your options are determined by the amount of debt you carry and the difficulty you have meeting monthly payment obligations.

Credit card companies want assurance that you do not possess too much debt, which might prevent you from meeting monthly payment obligations.

The property remained unsold through 1998, when the Attacker became unable to continue to meet his monthly payment obligations.

Not exact matches

Between monthly payments, you need sufficient cash flow if you hope to meet your financial obligations.

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

After you meet all your monthly obligations, from your insurance policies to the grocery bills, will you have enough left over to make a new monthly payment?

The only obligation involved is that my terms are met by consistent monthly payments.

Can you afford another monthly payment after all your regular obligations are met?

You need to do a quick assessment of how much you can afford to make in monthly payments after you meet all your regular obligations.

The short - term liabilities on the hand represent all the equated monthly installments (EMI) payments and all debt repayments that are made in the current year such as the credit card outstanding balance and other obligations met in the current year.

Reverse mortgages do not require monthly payments and do not become due until the last borrower no longer occupies the home as their primary residence or fails to meet the loan obligations.5 Retirees may be able to improve their monthly cash flow and live a more comfortable lifestyle, by using a reverse mortgage to pay off their home or simply access their home equity to supplement their retirement income.

The loan obligations require the borrower to pay for their own homeowners» insurance, property taxes, and maintain their home in accordance with guidelines mandated by the Department of Housing and Urban Development.1 As long as these terms are met; monthly mortgage payments are not required.

A person is insolvent if either they are unable to meet financial obligations as they become due (they can't make their monthly payments) or their debts are greater than what they own.

DEFAULT - failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on a mortgage.

This method is a great choice for people who are having problems meeting their monthly financial obligations and need a forced monthly payment with a fixed term to help them eliminate their debt.

You may apply to have your cosigner released from their obligation after the first 48 consecutive monthly principal and interest payments are received on time as long as you meet the underwriting and credit criteria at the time the cosigner release is requested.

The CFPB rule defines a «qualified mortgage» that is presumed to meet the ability to repay requirements as one «for which the «creditor» underwrites the loan, taking into account the monthly payment for mortgage - related obligations, using: The maximum interest rate that may apply during the first five years after the date on which the first regular periodic payment will be due.»

If you find you will not be able to meet your obligation on or before your monthly payment due date, please contact us.

Reverse mortgages do not require monthly payments and do not become due until the last borrower no longer occupies the home as their primary residence or fails to meet the loan obligations.5 Retirees may be able to improve their monthly cash flow and live a more comfortable lifestyle, by using a reverse mortgage to pay off their home or simply access their home equity to supplement their retirement income.

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