Sentences with phrase «money than the value of the property»

When the LTV is higher than 100 % it means that the lender is actually lending more money than the value of the property, thus incurring in a higher risk.

Not exact matches

Copperbank is currently valued at less than C$ 15 million, which is a far cry from the amount of money an investor would need in order to acquire a portfolio of properties similar to what they own.

In the event of a default the property is sold and the bank gets all its money back because they are in a full equity position, the amount lent is less than the total value of the asset so they are only out the time it takes to get the property sold.

When you divide the value by the number of kids, we're poorer than most districts,» said Petersen, contrasting Weber with Park City School District, where property values bring in a lot of tax money to spend on fewer students.

Unlike a home inspector, who looks for defects that could cost the buyer money down the road, an appraiser looks at home components that contribute to its value — mostly location, square footage, number of bedrooms and bathrooms, and overall condition, says George Alexa of Alexa Residential Appraisal in Fairfax Station, VA, who has appraised more than 16,000 properties in the past 30 years.

A hard money loan is an asset - based loan through which a borrower receives funds secured by the value of their property or assets, rather than credit.

Access: Hard - money lenders focus on the value of the property rather than the credit standing of the borrower.

Most lenders look favorably on this type of loan since the increase in property value is usually greater than the amount of money being borrowed.

You will only be asked to do this if you have more than 15 % equity in your property (banks have traditionally not lent money in excess of 85 % of the property's value), if the amount being released was above a de minimis value (i.e. your IP usually wouldn't expect you to remortgage to release less than # 5,000) and if your IP believes you can afford the repayments (see IVA Remortgage).

This prevents borrowers from putting more money into a home than the final value of that property would support, Hardin said.

We are an asset - based hard money lender, so we care more about the value and potential of the property you're investing in than any imperfections in your past.

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD / FHA or VA requirements a written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender, setting forth the appraised value of the property of not less than $.

The purpose of having a loan - to - value ratio in a mortgage loan is to make sure that lenders do not loan money to borrowers for more than the value of the property.

This better than average beautiful duplex property represents excellent value for money and makes a wonderful holiday apartment to enjoy the weather, beaches, Spanish pueblos, restaurants, tapas bars or just to sit by the pool or on the amazing duplex terraces and relax with a glass of wine!

Coverage is generally offered at replacement cost, meaning that you'll get the amount of money you need to replace the property, rather than the actual cash value.

Automobile or property damage sometimes requires more money to repair than the value of the vehicle or the property involved.

But the bet laid down by bitcoin cash supporters is that the value proposition of a rarely traded and expensive digital gold is lower than a widely - used money that maintains enough of the properties of a blockchain - based currency.

And if faced with a dogmatic tenant, pass on this advice from Mike Grenby, a columnist of the same era writing in Money Talk: «If you hope to rent and grow rich, you must have the discipline to invest what you save by renting instead of buying, spend 15 to 20 hours a week managing your money whether it's in the stock market, revenue property or a business, and place more value on making money than on the personal benefits of owning a home.&rMoney Talk: «If you hope to rent and grow rich, you must have the discipline to invest what you save by renting instead of buying, spend 15 to 20 hours a week managing your money whether it's in the stock market, revenue property or a business, and place more value on making money than on the personal benefits of owning a home.&rmoney whether it's in the stock market, revenue property or a business, and place more value on making money than on the personal benefits of owning a home.&rmoney than on the personal benefits of owning a home.»

Hard money lenders generally give more consideration to the value of a property / collateral than to debt - service - coverage ratios.

The «hard» in hard money refers to the fact that these lenders use an asset - based underwriting that focuses largely on the value of the property rather than a borrower's credit - worthiness and offers lower loan - to - value (LTV) rates than the banks do.

Plenty of money but apparently see no need to take care of the property, and to add insult to injury the property next door is even worse and between the two of them, huge negative value for others on the street possibly, yet the owner wanted 55k more than other sale comps that showed beautifully, and has a «friend» of the family who has promised to list it and sell it at the owner's suggested price, apparently; just wanted to pick my brain because he acknowledges my expertise.

This means that your mortgage is being paid down and you own more of the total value of the property (rather than just controlling it), but you do not pay taxes on the money that is doing this for you.