Sentences with phrase «mortgage as agreed»

Of course, your lender would prefer that you just continue to pay your mortgage as agreed, but they stand to lose money if you default on your loan.

This inexplicable confusion about the effects of not paying your mortgage as agreed has been something of a recurring theme.

Not exact matches

As part of the settlement, New York - based Goldman agreed to a list of facts put together by the DoJ that stated Goldman had misled investors about the mortgage - backed securities while knowing that the repackaged loans were indeed riskier than what they had told investors.

Most agree that banks need to have more cash, or capital, available to ensure they do not default on their obligations when the value of their other assets plunge, as happened during the recent mortgage crisis.

12) To better secure each News Company's rights under this guarantee and Indemnity, each guarantor agrees to charge the interest they have either solely or jointly or as tenants in common in any real estate and personal assets, and each guarantor acknowledges a News Company's right pursuant to the security hereby given lodge a caveat on any real estate in which they have such as interest and each guarantor agrees to execute a mortgage in favour of any News Company upon request by a News Company and do or cause to be done all such things as are necessary to give effect to the security hereby given.

Much like an auto insurer insured policyholders against loss from damage or accident, the FHA agreed to insure lenders against loss from lack of payment (which is known as «default» in mortgage terminology).

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

When you take out a debt consolidation loan, your debts will still be marked as paid as agreed, which shouldn't affect your ability to get additional credit if you need to take out a car loan or mortgage while you're repaying your debt consolidation loan.

-- «The proposal that has been agreed to... would preclude the use of campaign contributions for expenses that are unrelated to a campaign or the holding of public office, such as residential home purchases, mortgage payments, rent, clothing, tuition payments, salaries for individuals not performing campaign works, and dues for country clubs and health clubs,» said Alphonso David, Cuomo's incoming counsel.

A mortgage allows homeowners to secure homes and pay at a later time as agreed upon prior to selling your home.

While we don't recommend taking out a personal loan, if your mortgage lender agrees to accept a personal loan as the source of your down payment, shop around for the best rate.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

In all cases of early termination of mortgage insurance, the loan must have been paid as agreed and currently in good standing with the lender.

Those who get bank loans do not have to pay associated fees in advance as the banks usually agree to pay lenders directly as soon as the mortgage closes.

An Ontario mortgage is, like any other mortgage an entailment on the title deeds of the property which will remain with the mortgage holder until it is fully paid up according to the prevailing interest rates and fluctuations as agreed in terms of the mortgage.

The Ontario Mortgage Act has it that holders of a registered mortgage may sell a property if fees are not paid asMortgage Act has it that holders of a registered mortgage may sell a property if fees are not paid asmortgage may sell a property if fees are not paid as agreed.

With this, they have the power to sell a property if you are unable to pay the fees as agreed according to the Ontario Mortgage Act.

As interest rates fell, we looked at our mortgage balance, and agreed that paying down the loan would enable us to refinance and save enough in mortgage interest that the net effect was as if we were getting 8 % on the moneAs interest rates fell, we looked at our mortgage balance, and agreed that paying down the loan would enable us to refinance and save enough in mortgage interest that the net effect was as if we were getting 8 % on the moneas if we were getting 8 % on the money.

In the case of a mortgage loan, the current borrower and the third party willing to assume the loan as well as the lender must all agree to novation of the loan.

The current lender must agree to accept the proceeds of the FHA refinance mortgage as full satisfaction of your mortgage.

Many of the most prominent mortgage lenders in the United States, such as Wells Fargo, JPMorgan Chase and Bank of America have already agreed to the President's newest initiative, and the rest of the mortgage industry will be strongly encouraged to contribute, as well.

Any amounts the seller owes that you agree to pay through negotiations such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions.

When you take out a debt consolidation loan, your debts will still be marked as paid as agreed, which shouldn't affect your ability to get additional credit if you need to take out a car loan or mortgage while you're repaying your debt consolidation loan.

The VA does not require an appraisal, income or employment verifications, or a credit report or termite report, as long as the current mortgage has been paid as agreed for the last 12 months and is up to date at the time of refinancing.

All consumers had an active currently - paid - as - agreed mortgage on file.

Now, as long as the homeowner stays current with the mortgage payments and pays the amount agreed upon, they will be fine.

A closed mortgage, also known as a long - term mortgage, fixed mortgage or closed - end mortgage, is a type of home loan where the borrower agrees to follow specific repayment rules.

Once the judge agrees that there's not enough equity to cover the first - place mortgage, the money owed to Bank 2 is paid as if it were a credit card.

Reverse mortgage insurance guarantees that these loan proceeds will be disbursed to the borrower as agreed upon under the terms of the loan.

A federally - insured reverse mortgage comes with the benefit that you, the borrower, will receive loan payments as agreed upon by the terms of your loan, and will never owe more than your home is worth.

Borrowers must have homeowner's hazard insurance coverage as agreed to in the originating reverse mortgage contract.

Some lenders may agree to accept less than the full amount of the shortfall debt by securing part of the debt on a new property as part of your mortgage and writing off the rest.

I agree with your points about good debt such as mortgage.

Under the Ontario Mortgage Act, the private lender can sell off a property in default if the mortgage fees are not paid asMortgage Act, the private lender can sell off a property in default if the mortgage fees are not paid asmortgage fees are not paid as agreed.

Others, like mortgages, are elaborate documents that are filed as public records and allow lenders to repossess the borrower's property if the loan isn't repaid as agreed.

@MasonWheeler I agree with TainToTain; if there was going to be no mortgage, and you would therefore be the only lender in the transaction, you could do it as a documented loan, not as «back to back coincidental and definitely not fraud» gifts.

With principal reduction, you can remain in the home and, as long as you stay current with payments, the bank will forgive an agreed upon amount of the mortgage after five years.

This is because the Ontario Mortgage Act of Ontario allows holders of registered mortgages to sell off a property if a client fails to pay as agreed.

As with the example above, mortgage lenders, mortgage insurance companies, second lien holders, and in the case of short sales, the new buyers have to agree to the terms of the loss mitigation program.

You, a homeowner with a non-FHA mortgage that you are paying as agreed, ask your current mortgage lender to write down your outstanding balance by at least 10 % so that you can replace the loan with an FHA mortgage.

I agree with your approach to pay down a mortgage as rapidly as possible.

This pledge dies (is terminated) when the mortgage is either paid off in full or the property is repossessed (foreclosed) by the bank if not paid as agreed (borrower defaults).

The loan program will be tied to a mortgage index, such as the LIBOR (London Interbank Offered Rate) and will also contain a margin agreed upon by the bank or lender.

«The interest rate we were agreeing to pay for the term of the mortgage had been written down as «prime plus 0.484» instead of «prime plus 0.448».

Mayfield advises that although not everyone agrees with shortening the term of their mortgage, you might as well consider doing so if you are wealthy enough make the same payment as you do at the moment.

The culmination was and is that many hardworking people are not able to pay their mortgage loan as agreed.

As a homeowner, you always hope to get the lowest mortgage rate possible; and, one way to lower your rate is to agree to escrow your real estate taxes and your insurance.

We got the new Mortgage company to agree to short sell but even at dirt cheap prices we've had three contracts and three fallouts as my local area has been hit hard, hell the new homes in my complex haven't even sold yet and its been two years now.

I pulled my credit report today 45 days after our closing and to my suprise my credit score even after foregoing mortgage payments for the entire process has climbed back up 120 points now that debt shows paid in full with a statement of «Pays as agreed» and with a comment of «Paid account / Zero balance - Settlement accepted on this account».

In this current economic environment where improvement in the economy is not happening as fast as we would like, as well as the continued Government and Federal Reserve support, most experts agree that for the next few months, there should not be much of a change in mortgage rates.