Sentences with phrase «mortgage payments on time»

It's important to make your mortgage payments on time and in full, every month, to avoid fees and improve your credit record.

«When lenders read your credit report, they'll be looking for issues such as a problem making your mortgage payments on time, a high level of debt and the maturity of your credit,» says Jeffrey Taylor, managing partner of Digital Risk, a provider of mortgage processing services and risk analytics in Maitland, Fla. «If you have a four - or five - year history with a major credit card, that's better than six months with a local store credit card.»

If you're a homeowner, simply making your mortgage payments on time each month is a quick way to build your equity.

As long as the veteran has made the last 12 mortgage payments on time they stand a great chance of getting approved for this loan.

Avoid the headache and heartbreak of foreclosure by always making your mortgage payments on time.

Once you begin making mortgage payments on time and in full, your credit standing will improve and we can seek to refinance you at a lower rate as soon as the opportunity arises.

This is an unanticipated situation where it deters your capability to meet your mortgage payments on time.

If they make their monthly rent payments on time, just as homeowners make their monthly mortgage payments on time, it does nothing -LSB-...]

If they make their monthly rent payments on time, just as homeowners make their monthly mortgage payments on time, it does nothing to help their credit score.

Sky Financial Corporation / The Mortgage Center is able to cut the application to approval time by as much as half and we offer borrowers with reasonably good overall credit and a history of making mortgage payments on time.

Once you get a loan, be sure to make all your mortgage payments on time to boost your credit score so you won't have to go through all this work again.

So if you don't make your mortgage payments on time, the issuing bank has the right to take your home.

Veterans, active service members and military families typically do a great job making their mortgage payments on time each month.

Forbearances are most often granted to homeowners who have a history of making their mortgage payments on time and in full.

In most cases it's in the banks best financial interest to renew your mortgage, as long as you have been making all of your existing mortgage payments on time.

If your current loan is FHA and you've made your last 12 months mortgage payments on time, then you could qualify for an FHA streamline refinance and your bankruptcy won't be an issue.

Even with the most carefully laid out plan, unexpected expenses can make it difficult to pay your mortgage payments on time.

Instead, the FHA looks to see that the homeowner has been making his existing mortgage payments on time and without issue.

She also had a good track record of making her mortgage payments on time.

Overall, Garrett recommends transferring the title to an LLC after purchasing the property, pay your mortgage payments on time, and explain «continuity of obligation» if the lender has an issue with receiving checks in the name of the LLC.

Making your mortgage payments on time is a must.

A poor credit history shows that you may be more likely not to pay your mortgage payments on time or in the worst case scenario - to default on your loan.

If you are get a mortgage loan with a poor credit score, and then make your mortgage payments on time, you are likely to be able to refinance in 6 months to 1 year for a much better interest rate.

It's their job to make sure your file meets all the requirements, and that you're a safe bet when it comes to making those mortgage payments on time, month in and month out.

Your ability to make your mortgage payments on time.

It's a common held belief that if you've made your mortgage payments on time throughout the entirety of your mortgage term, that your lender is somehow obligated to renew your mortgage.

For example, borrowers with excellent credit, significant cash reserves, or a long history of making mortgage payments on time are often allowed to exceed the 43 % debt threshold.

Avoid the headache and heartbreak of foreclosure by always making your mortgage payments on time.

If your situation has changed and you now pay your monthly mortgage payments on time, your credit score may reflect this improvement.

The program is designed to benefit homeowners who have made their mortgage payments on time, but who are unable to otherwise refinance because of the amount that they owe.

Specifically, the government - run Home Affordable Refinance Program (HARP) targets homeowners who have made their mortgage payments on time, but who have a high LTV due to declining home prices or some other factor.

PMI rates are based on the loan - to - value ratio as well as the creditworthiness of the borrowers, but even if you have good credit and have paid all your mortgage payments on time, low equity is still considered an increased risk on the loan.

And this may be no fault of the business that paid their mortgage payments on time.

The program is designed to benefit homeowners who have made their mortgage payments on time, but who are unable to otherwise refinance because of the amount that they owe.

That might not seem very fair, but jumbo loans usually seem less risky to lenders because the people who apply for them are considered more likely to make their mortgage payments on time each month.

After what seemed like a lifetime of thirty - Year adjustable - rate mortgages, with monthly mortgage payments going up all the time, The «Mortgage Refinance 123» helped me to lock in a great low fixed rate of 3.16 %, helping me to guarantee myself the ability to always make my mortgage payment on time with money to spare.

However, with good trade lines (like making your mortgage payment on time) you may see a marked improvement in your credit score much sooner, within 2 - 3 years.

One of the key things underwriters look for is both your ability and willingness to pay your mortgage payment on time.

In addition, making your mortgage payment on time every month will help your credit scores go up because the timely mortgage payments weigh heavy with fico scores.

Default: When you do not make a mortgage payment on time, you are in default of your loan terms and agreement.

Insurers and their gorilla math have decided that that just because your business failed a few years back resulting in a bankruptcy; or you recently had an unpreventable emergency medical procedure blessing you with medical collections; or even if your spouse just forgot to send in the mortgage payment on time before they slapped you with a 30 day late, that you have a much higher chance of running over little old ladies on the road than others.

If you fail to make your mortgage payment on time, a creditor may repossess the collateral you've put up for your debt (in this case, your home) in a foreclosure.

However, back then, I was relying heavily on the Tenants paying their rent so that I could make the mortgage payment on time.

Not exact matches

Making on - time payments with a business loan is great, but making on - time payments with a business loan, a mortgage, and an auto loan is excellent.

Your mortgage lender may report a payment was late that was in fact paid on time.

Put a plan in place to ensure that all your payments — including your mortgage, your car payments, your bills, and your credit card payments — are met on time.

Most of the time as a homeowner, you won't face any spikes in your payment (adjustable - rate mortgages are one exception), and you won't have to worry about being tossed out on the street if your payment becomes too expensive.

This means that if an owner in Rhode Island falls behind on mortgage payments and their lender decides to foreclosure on the home, the lender can simply hire a third party to auction the home, and can bypass the expense and time of going to court.

A sharp increase of 6 percent from the year prior, a 20 percent mortgage down payment on a home of that value would mean saving nearly $ 42,000, a price tag unattainable for most first - time home buyers.

Many first time home buyers struggle to get approved for mortgages because they can't meet the typical 20 % down payment minimums on the size of home they want.