Sentences with phrase «mortgage remains in place»

With a Subject - to Deal, the title still transfers to you, BUT the seller's mortgage remains in place and you agree to make the SELLER»S mortgage payments on the SELLER»S mortgage for the SELLER!

This means that the seller's mortgage remains in place but the investor actually holds the deed to the property.

Not exact matches

Tomorrow's bubble in the Canadian housing market is constructed on the premise that today's record low mortgage rates will remain in place.

This policy is also flawed though, it has been deeply criticised for driving up the value of homes, it reduces individual ownership of their biggest asset and even with the reduced cost, in places like London, the mortgage payments remain high.

Maximum Loan - to - Value (LTV): Fore refinance mortgages with subordinate financing remaining in place, the maximum combined LTV is 125 percent.

The basic terms of the mortgage will remain unchanged and borrowers have a 60 - day grace period in case their payments go to the wrong place.

A portion of the loan proceeds are used to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed.

The debtor's property is protected from seizure from creditors, including mortgage and other lien holders, as long as the proposed payments are made and necessary insurance coverages remain in place.

A big reason for taking a Home Equity Conversion Mortgage in the first place is the ability to remain in your home while still getting cash.

A benefit of putting 20 % or more down payment on a home is you typically do not need to take out mortgage insurance (exception is FHA loans where the mortgage insurance remains in place over the life of the loan).

Secured loans, like a mortgage or car loan, remain in place with no impact to the debtor as long as they are current on all payments.

By purchasing a mortgage life insurance policy, you can ensure that this cost is taken care of and that those you care about will be able to remain in the place that they call home.

Steve Brown: We need to deal with three major issues: we need to be on guard to see that tax incentives and the mortgage interest deduction remain in place; we need to deal with student debt, perhaps by restructuring it so younger buyers can accumulate a down payment even while they're paying down their student loans; and we need to increase the housing inventory.

As part of its exit, Cedar will acquire RioCan's 80 percent ownership interest in Franklin Village shopping center in Franklin, Mass. for $ 60.1 million, including the assumption of an in - place $ 34.7 million mortgage; sell its 20 percent ownership interest in the remaining 21 properties for approximately $ 119.5 million, including in - place financings of $ 54.4 million and receive approximately $ 39 million in cash, as well as the distribution of its share of working capital in the joint venture.

Sixteen percent are not moving up due to their low mortgage interest rate (and 13 percent due to their low property taxes), 15 percent are remaining in place because they recently bought their home (a reason reported by 27 percent of millennial homeowners), and another 13 percent are staying put to make upgrades.

«There is still a supply - and - demand problem, mortgage rates are still on the rise, affordability remains an issue in many major markets, and the wider - ranging effects of the new tax plan are still unknown — so it's unclear whether this slowed growth will lead to housing market price plateaus or declines, but the conditions are certainly in place for that potential outcome.»

Investing in their own homes (either through renovations or paying down the mortgage) remains the most popular place for Canadians to put their money.

Even if the home is sold, the mortgage deferment remains in place if the new owner's income qualifies.

A portion of the loan proceeds are used to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed.

With average salaries remaining stagnant and stringent mortgage requirements still in place, rising home prices are making it difficult for first - time homebuyers to make a purchase, says Joe Moshé, the owner and Broker of Charles Rutenberg Realty, Inc..