Sentences with phrase «mortgage time durations»

So even with mortgage time durations that average at 20 years, which is quite less than its US counterpart, the mortgage applicants are still left in two - minds about their original decision of ever applying for the loan!

Not exact matches

With a 30 - year fixed - rate mortgage, not only do you have a long time to pay off the loan (three decades) but your monthly payments will remain constant for the duration of the loan, unless you decide to refinance.

With mortgage rates near their historic lows, fixed rate home mortgages are likely going to be a much better deal if you plan on living in the house for an extended period of time, as when rates reset on ARM loans the prior short - term savings will likely be more than offset by the higher rates for the duration of the loan, which can cause the interest - only loan payment to exceed the amoritizing 30 year fixed rate payments if mortgage rates spike high enough.

If you're just looking to cover your mortgage or until your child is old enough to be living on their own, you can choose term life insurance that lasts this amount of time, either until the child is old enough for independence or to cover the duration of your mortgage.

Fixed rate mortgages offer greater security because your payments stay the same for the duration of the mortgage term, while variable rates fluctuate with market conditions, so the amount of interest you have to pay can go up or down, depending on the interest rate environment at the time.

Many refinanced mortgages will offer a lower home mortgage refinance rate, but the duration of the contract will be for a longer period of time than the existing mortgage.

Also, these types of loans are usually for a shorter duration of time than the primary mortgage.

This transaction allows the fund to have the same price and duration exposure in the mortgage security while having the cash for the bonds for the given time period.

Decreasing term life insurance — sometimes called «mortgage insurance» — offers a death benefit that shrinks over time, and a premium that remains the same for the duration of the policy.

If you're just looking to cover your mortgage or until your child is old enough to be living on their own, you can choose term life insurance that lasts this amount of time, either until the child is old enough for independence or to cover the duration of your mortgage.

The duration of your mortgage term insurance should be the same length of time still left on your mortgage payments for your home loan.

I can access 9 to 12 % note investments for much less time duration (6 months to 1 year), backed by a first mortgage and the property insurance is issued in my name.

For instance, it is a violation of the MAPs Rule to make any material misrepresentation in a commercial communication regarding any term of any mortgage loan, including: (i) the existence, number, amount, or timing of any minimum or required payments, including but not limited to misrepresentations about any payments or that no payments are required in a reverse mortgage or other mortgage credit product; or (ii) the right of the consumer to reside in the dwelling that is the subject of the mortgage credit product, or the duration of such right, including but not limited to misrepresentations concerning how long or under what conditions a consumer with a reverse mortgage can stay in the dwelling.