Sentences with phrase «money against the value of your home»

A home equity loan is a type of second mortgage that lets you borrow money against the value of your home.

Keep in mind that home equity loans borrow money against the value of your home.

A home equity loan, or Home Equity Line of Credit (HELOC), allows you to borrow money against the value of your home.

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

Not exact matches

More and more, people are judging the value of the products they buy against not one, but two currencies: money, and the effort it's going to take to get the damned things home.

Your CLTV shows the relationship between your home's value and the total amount of money you've borrowed against that value.

When the loan against a home is greater than 80 % of the home's resale value, the lender is very likely to lose money in the event the borrower defaults on the mortgage.

Through your Georgina mortgage brokers of choice, you will be able to borrow more money against the actual value of your home — based on your equity in it.

Because a HELOC allows you to borrow money against your home's value, your line of credit will depend on several factors, including your home's appraised value, the remaining balance on your existing mortgage, and your credit history.

By borrowing against the value of your home, you get the best possible interest rate, and then you use that money to repay your higher interest rate debts.

A Reverse Mortgage is a mortgage product that allows any home owner 55 years or older to borrow money against the value of their property.

Instead of getting a home equity loan and borrowing money against the value of your house, opt for a no - collateral personal loan.

Unless you have a significant amount of equity, it is not always wise to borrow money against your home's value.

3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential and priority expenditure (things like rent or mortgage, gas, electricity, food, transport to work and any repayments towards loans that secured against an asset such as your home), unsecured debts (such as credit cards, overdrafts and personal loans) and assets (things you own that have a saleable value, such as property and cars).

The surge in the value of the rand against the dollar has given investors an impetus to move funds offshore — and made US property all the more attractive as a home for their money.

A reverse mortgage is a type of mortgage in which a homeowner can borrow money against the value of his or her home.