Sentences with phrase «mortgage purposes»

In addition, we'll also perform a credit check to make sure your credit rating is suitable for mortgage purposes.

So that's how you come up with a housing budget for mortgage purposes.

Ergo, this is the reason that banks use only CRA designated fee appraisers» consultative - driven opinions - of - value to establish market value bench - marks when lending for mortgage purposes instead of relying upon real estate salespersons» opinions, which, depending upon the Realtor, could be just as accurate as an appraiser's opinion.

In accordance with The Privacy of Consumer Financial Information Act, we understands that any information given by the customer for mortgage purposes will be used only for loan approval.

The purpose of a pre-approval is to confirm in writing the maximum amount of money that you can rely on for mortgage purposes.

PRIVACY: In accordance with The Privacy of Consumer Financial Information Act, we understands that any information given by the customer for mortgage purposes will be used only for loan approval.

«They may think they do, but don't realize that for mortgage purposes, bonus, overtime, and commission are calculated separately from base employment income, which is what lenders are really scrutinizing.

Ditch it, pick up the term life that you need, and invest the rest (or use it for mortgage purposes).

In Ontario, at least, lenders can no longer pick their personal choices re appraisers when they want opinions of value in order to sell their money for mortgage purposes.

As this decision shows, Buyers who have others take title with them for mortgage purposes may disqualify themselves from receiving the entire HST rebate.

The loans manager claimed that the value of the property for mortgage purposes was only $ 335,000 and the most they would lend was $ 251,000 at 2 % above prime.

She made all the mortgage payments and house expenses and the uncle was on title merely for mortgage purposes.

For example: if a property has a comparative, market value of $ 375,000.00, the banks will discount it by 5 - 10 % (or more) and assign a «value for mortgage purposes» of from $ 355,000 to $ 340,000.

When the buyers told me they dealt with Humongus Bank in Kerridale and that the loans manager would like to send an appraiser out to value the property for «mortgage purposes» I cringed.

The most banks, and particularly Humongus make a distinction between the market value of a property (the value of a property in relation to similar properties in the area and the price that the buyer and seller agree is «fair» and «reasonable») and the properties value for mortgage purposes (the discounted value that the bank will accept in granting a mortgage).

They have little appreciation of country properties and neither do the loafer - shod appraisers that they send out to «value» the property for «mortgage purposes».

It will serve as an optional addendum to Fannie Mae Form 1004, which is the appraisal industry's mostly commonly used form for mortgage purposes, used by Fannie Mae, Freddie Mac, and the Federal Housing Administration.