Sentences with phrase «mortgage of a certain amount»

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With a mortgage, you pay a certain amount of interest on an annual basis and that amount is covered in your first twelve payments.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — below 75 to 80 percent of the property value.

In order to meet the definition of a conforming loan, the mortgage must not exceed certain dollar - amount limits.

That's why the amount of accounts you apply for within a certain period of time — whether it be loans, mortgages or credit cards — will have an affect on your credit score.

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

They carry term limits because carriers expect most large financial needs to resolve on their own after a certain amount of time — once the kids are out of college and paying their own way, once the mortgage is payed off, and once you retire, the replacement income a term plan offers should be unnecessary, so your coverage can come to an end.

A reverse mortgage line of credit lets the homeowner decide when to borrow and how much to borrow; there's no requirement to borrow a certain amount at any point.

In such an arrangement, your lender will collect a certain amount of money with each of your mortgage payments that it stores in an escrow account.

Adjustable - rate mortgages may offer lower interest rates than fixed loans initially, but they adjust after a certain amount of time, such as two, five, seven or 10 years.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount - below 75 % to 80 % of the property value.

A written agreement guaranteeing a specific mortgage interest rate for a certain amount of time.

Doug Hoyes: It also depends on the form of your mortgage, so if you've got a conventional mortgage where it's got five years more to run, you're paying a certain amount every month, the bank can't be just increasing it and decreasing it every week.

Or, you could have $ 200,000 of term coverage and $ 300,000 of permanent coverage if your mortgage was smaller and you want to leave a certain amount of money to your family.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — below 75 % to 80 % of the property value.

Qualifying for a mortgage isn't just about a certain credit score from the credit bureau but includes additional specifications such as length of employment the amount down.

Credit Grade Mortgage companies often grade your loan based on certain credit related items such as payment history, amount of debt payments, bankruptcies, equity position and your credit score.

If you want to borrow additional funds using your home as security, depending on certain factors (including the additional amount you want to borrow, the current amount owing on your existing mortgage and the value of your home), you may need to pay fees to discharge your existing mortgage and register a new one.

Your Mortgage lender will require you to have a certain amount of cash reserves in your bank account when you get a mMortgage lender will require you to have a certain amount of cash reserves in your bank account when you get a mortgagemortgage.

Consolidation plans include home equity loans, second mortgages for the amount of the available equity, electing to only consolidate certain debts, and choosing a reversed mortgage for those home owners who are at least 62 years of age.

It's important to recognize that only certain types of accounts are monitored by credit reporting agencies, including credit cards; installment loans repaid at a fixed amount over a predetermined period of time, such as auto loans, student loans or mortgages; and retail accounts such as store credit cards.

RBC open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.

With a mortgage, you pay a certain amount of interest on an annual basis and that amount is covered in your first twelve payments.

A rate lock, also called a lock - in or rate commitment, is a lender's promise to issue a mortgage to you at a certain interest rate and number of points for a specific amount of time while your loan application is being processed.

There are several ways to use the standard Mortgage Payment Calculator aside from simply determining what a mortgage refinance of a certain amount and interest rate will cMortgage Payment Calculator aside from simply determining what a mortgage refinance of a certain amount and interest rate will cmortgage refinance of a certain amount and interest rate will cost you.

Your mortgage lender may also require a certain amount of insurance on your new home, says the American Institute of CPAs, and it may be a different amount than what you were required to hold on your old home.

Conventional Fixed Rate Mortgages are set for a certain amount of time at a specific interest rate.

Conventional Adjustable Rate Mortgages are set for a certain amount of time, but the interest rate changes over the lifetime of the loan.

Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amount — basically, the stamp of approval that you have the money, credit history, and other credentials to buy a home up to that price.

That is, if the lender makes a mortgage loan, it may require the borrower to pay a certain amount of discount points up front.

With an adjustable rate mortgage the interest rate on your loan is set at a lower amount initially for a certain period of time (1 - year, 3 - year, 5 - year, etc.).

A fixed period adjustable rate mortgage is has a fixed rate for a certain amount of time followed by an adjustable period through the remaining term of the loan.

Mortgage loans may also be sold as securities: investors buy securities that are backed by a group of mortgage loans with a certain amount and mortgaMortgage loans may also be sold as securities: investors buy securities that are backed by a group of mortgage loans with a certain amount and mortgamortgage loans with a certain amount and mortgagemortgage rate.

Balloon Mortgage: When a buyer acquires this type of mortgage they are required to make payments for a certain amount Mortgage: When a buyer acquires this type of mortgage they are required to make payments for a certain amount mortgage they are required to make payments for a certain amount of time.

Amortization: The process of paying off your mortgage with payments due every month for a certain amount of years.

Prepayment Penalty: The fee paid to a lender if you pay off your mortgage loan before a certain amount of time has gone by.

Sometimes lenders want to see a certain amount of money in reserves in order to approve a mortgage loan.

Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.

Certain expenses are fixed — such as your mortgage, cable TV, and auto insurance (although each of these could be adjusted from their current amounts).

Utilities do a certain amount of first mortgage bonds where they pledge valuable plant and equipment, and receive attractive financing terms.

Now, if you itemize, if you can itemize, if you've got mortgage interest deductions, and charity, and a certain amount of state and local taxes are allowable, I'll get to that in a second.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount - below 80 % of the property value.

Because lenders take on a certain amount of risk every time they give out a mortgage, they need to employ different measures to protect themselves.

In these favorable states, your primary home (NOT a second home or investment property) is protection from creditor liens and a forced sale in a certain amount ranging up to 100 % of its equity from all creditors except for, of course, your home mortgage provider.

Fixed Period ARM's A fixed period adjustable rate mortgage is has a fixed rate for a certain amount of time followed by an adjustable period through the remaining term of the loan.

Under current guidelines, banks and mortgage lenders are required to maintain a certain amount of capital to back mortgages offered to home buyers, as well as to comply with OSFI risk - mitigation rules.

It may be possible to cancel private mortgage insurance at some point, such as when your loan balance is reduced to a certain amount — at or below 80 % of the property value.

As part of Abhaile, the national Mortgage Arrears Resolution Service, a new aid and advice scheme for people in serious mortgage arrears covers a certain amount of free legal aid and advice for eligible boMortgage Arrears Resolution Service, a new aid and advice scheme for people in serious mortgage arrears covers a certain amount of free legal aid and advice for eligible bomortgage arrears covers a certain amount of free legal aid and advice for eligible borrowers.

While you may already have a certain amount of life insurance in place for your other needs, such as mortgage payoff, the replacement of ongoing income, or even for the payment of estate taxes, the payment of final expenses is yet another cost that you may not have factored in.

Also, remember that your mortgage company may also require you to carry a certain amount and type of flood coverage.

It's like a mortgage protection insurance policy in that you pay for the policy for a certain amount of time, but it doesn't come with all of the strings that mortgage protection insurance does.