Sentences with phrase «months of homeowners association»

In the case of condominiums, it is important to read the past six months of homeowners association minutes to see how effective the board is and to learn about any possibly detracting issues (such as protracted litigation with the developer).

Not exact matches

In many homeowners» associations, part of that money you fork over every month or every year goes toward insuring community spaces and amenities against damage.

Borrowers who qualify and want to count future rental income will also need six months» worth of cash reserves in the bank — that's six months» of full mortgage payments, including taxes, insurance and any homeowners association dues.

Mortgage applications ask you to list all debts and how much you spend each month on everything from rent or your current mortgage (plus hazard insurance, property taxes, mortgage insurance, homeowners association dues and home equity loans or lines of credit) to credit cards, car loans, student loans, child support and alimony.

You may need to have a certain number of months» worth of mortgage payments in the bank, to include the principal, interest, property taxes, homeowners insurance (and homeowners association dues when applicable).

Exactly four months before Hurricane Sandy came ashore, Congress passed the Biggert - Waters Flood Insurance Reform Act of 2012, with the strong support of the National Association of Realtors ®, and in so doing reauthorized the critically important National Flood Insurance Program so homeowners could affordably access flood insurance.

Borrowers who qualify to use projected rental income will also need six months» worth of reserves in the bank — that's six months» of full mortgage payments, including taxes, insurance and any homeowners association dues.

However, the homes at Skylar do have a type of homeowner association fee that pays for parks and amenities that will be around $ 146 a month once all the homes are built.

Also called the housing ratio, this is the percentage of your income that would go toward housing expenses each month, including your mortgage payment, private mortgage insurance, property taxes, homeowner's insurance and association dues.12

The National Association of REALTORS ® reported that sales of luxury homes spiked in the final months of 2012 as high - end homeowners rushed to take advantage of lower tax rates before January 1.

Nearly half of new homeowners undertaking a home improvement project within three months of buying a residence set their sights on a kitchen overhaul, according to a recent report from the National Association of Realtors.