Sentences with phrase «mortgage is in good standing»

That includes having an information statement confirming the first mortgage is in good standing and there are no arears.

Your mortgage lender will be more willing to work with you if your mortgage is in good standing, and missing payments is a sure fire way to hurt your credit standing.

Not exact matches

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

Therefore, you should have a good credit score if you pay all your bills on time, do not utilize more than 30 % of your credit, maintain credit accounts that are in good - standing for extended periods of time, avoid opening or having too many accounts, and have a mix of installment (such as mortgages and auto loans) and revolving loans (such as credit cards).

A member in «Good Standing» is defined as: — No SFFCU obligations (e.g., mortgage, loan, line of credit, credit card, etc.) currently past due more than 15 days — No charge - offs of any Signal Financial FCU obligation — No shares with a negative balance — No «Repeated NSF» warning flag — No more than 1 NSF in most recent 90 - days Contact a representative at 301-933-9100 ext. 105 for more information.

In essence, the FHA Streamline Refinance is a good option for you if you are currently in good standing with your current mortgage, and are looking to save some money on your monthly paymentIn essence, the FHA Streamline Refinance is a good option for you if you are currently in good standing with your current mortgage, and are looking to save some money on your monthly paymentin good standing with your current mortgage, and are looking to save some money on your monthly payments.

A member in «Good Standing» is defined as: — No SFFCU obligations (e.g., mortgage, loan, line of credit, credit card, etc.) currently past due more than 15 days — No collections or charge - offs of any Signal Financial FCU obligation — No shares with a negative balance at the time of upgrade Visit www.signalfinancialfcu.org or contact a representative at 301-933-9100 ext. 105 for more information.

Banks only charge 2.7 % -4 % interest on mortgages but that is only because their clients are in good standings with the credit bureaus.

Lenders will send the borrower a notice of default when the loan is at least 15 days in default, if the default is not corrected the borrower will then receive a statement of claim outlining the terms required to bring the mortgage into good standing.

As the Ottawa property owner it is usually in your best interest to bring the mortgage into good standing, work with your lender to keep legal costs low.

Money from a reverse mortgage loan can be used for any purpose and the senior can not be asked to leave the property as long as the loan is still in good standing.

This will ensure that even years before, their financial records are in good standing and look good to banks which will show their responsibility and ability to pay off any future mortgages.

If you're going to be in the market for a mortgage or some other big loan sometime soon, it's best not to risk changes to your credit standing within a few months to a year of this big loan application.

The lower your score, the less attractive that mortgage rate is going to be, so this is one of your main reasons for keeping your credit score in good standing.

However, there are still things you will have to do to keep a reverse mortgage in good standing.

The HSBC Bank Canada residential mortgage account or HSBC Bank Canada Canadian dollar personal savings account must be in good standing at the time of payment of the Relationship Bonus by us.

Your current mortgage must be in good standing with a positive payment track record.

When I delved deeper into our credit reports and scoring, I found that while our mortgage is listed in good standing in the report, it's not being credited as a real estate loan by by the big three.

For borrowers with a VA loan or FHA mortgage in good standing, refinancing a loan through the federal government is so streamlined that it's almost automatic.

If ever you feel that you have been victimized by a commissioned sales person, be it a Realtor, a Mortgage Broker / salesperson, or a fee - for - services person like an Appraiser, a new - age real estate «fee - for - service» advisor, or even by a lawyer, under the legally defined terms of Negligent Misrepresentation, or as in Crazy Guy's case, «Fraudulent Misrepresentation», stand firm if you are morally outraged by these bullying tactics, and fight the good fight.

Almost half of non-homeowners say their financial situation stands in their way of purchasing a home, according to a new Bankrate.com report, which concludes 29 percent say they can't afford a down payment and 16 percent say their credit isn't good enough to qualify for a mortgage.

But how can you verify that a reverse mortgage lender is in good standing, trustworthy and safe?

Credit expert Peter Nagy offers the following helpful dos and don'ts for making sure your credit standing is in good shape before pursuing a mortgage:

The ongoing requirements for the mortgage to remain in good standing are that the owner must maintain the home and pay taxes and insurance.