Sentences with phrase «net tangible»

In addition, your new loan must provide you with a net tangible benefit in order to qualify.

The refinance must also result in a net tangible benefit to the borrower.

Loosely, Net Tangible Benefit is defined as reducing the (principal + interest + mortgage insurance) component of the mortgage payment by 5 percent or more.

Taking «cash out» to pay bills is not an allowable Net Tangible Benefit.

There may be additional net tangible benefits to support a longer recoupment period.

Foundation Mortgage will review your scenario with you and ensure that your refinance does meet FHA's Net Tangible Benefit requirement before initiating the process!

Gold - Oil Co., by contrast, has $ 18 million in net tangible assets supporting its operations.

The rest of the time I want to own a basket of above average stocks at below average prices, and also a small basket of cheap stocks relative to net tangible assets.

Note: Reducing the term of the mortgage, in and of itself, is not a net tangible benefit.

The mortgagee must determine that there is a net tangible benefit to the mortgagor as a result of the streamline refinance transaction, with or without an appraisal.

This new guidelines for FHA streamlines base the calculation of the net tangible benefit on the principal and interest (P&I) and Mortgage Insurance Premium (MIP).

In Ohio, if a veteran or service member is planning to purchase a home, a termite inspection is not required, but a Net Tangible Benefit Worksheet is required.

[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate — at the current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to net cash and investments, and a 47 % discount to net tangible assets.]

v) Lenders: Argo has $ 23.6 million of net cash & fund investments, and overall net tangible assets of $ 28.5 M — which should provide sufficient collateral for (say) a $ 10 - 14 million loan, at a reasonable interest rate.

Here's how a scheme's net tangible assets (NTA) is calculated.

In fact, the share price might even decline if investors still insisted on a large discount... one that's based on a much lower level (post-acquisition) of net tangible assets.

This represents a gain in our net tangible book value of $ 2.52 per share for the benefit of our current stockholders, and dilution of $ 1.74 or 39 % of the public offering price, for investors in this offering.

The net proceeds from the sale of the 2,444,450 units represents an immediate increase in net tangible book value per share of $ 2.52 to the existing stockholders and dilution of $ 1.74 per share to the new investors.

Our net tangible book value at March 31, 2012 was $ 0.24 per share and was determined by dividing our actual net tangible book value (total book value of tangible assets less total liabilities) on that date, by the number of outstanding shares (1,249,446) on March 31, 2012.

At March 31, 2012, after giving pro forma effect to our receipt of the net proceeds of this offering, we would have had a pro forma net tangible book value of $ 10,194,760, or $ 2.76 per share.

Net tangible book value is the amount of our total assets minus intangible assets and liabilities.

Importantly, the company has net tangible assets of $ 63m and $ 20m worth of franking credits.

Borrowers will also need to receive a net tangible benefit from refinancing their loan.

Requirements for net tangible benefits vary depending on the refinance type, so it's best to check with a lender to see if you qualify.

For veterans who will purchase a home in the state using a VA home loan, a termite inspection is required, as is a Net Tangible Benefit worksheet.

Loosely, Net Tangible Benefit for a fixed - rate mortgage is defined as reducing the «combined rate» by at least one - half of one percent.

Net Tangible Assets.

The balance sheet explicitly says: Net tangible Assets (i.e. surplus of...

For veterans who will be using a VA home loan in the state of Maryland, a Net Tangible Benefit Worksheet is required, as well as a termite inspection.

Bought at less than Net Tangible Assets I would still find it an attractive consideration.

One side effect of a «close - end» structure is that the LIC share price can depart from the value of the underlying assets (usually other equities), so the share price can trade at a premium or discount to its Net Tangible Assets.

An FHA streamline refinance also requires that a borrower realize a «net tangible benefit» for the loan to be approved.

Reducing the loan term, such as from 30 to 15 years, does not by itself qualify as a net tangible benefit.

There may be additional net tangible benefits to support a longer recoupment period.

Known as the Net Tangible Benefit clause, your mortgage payment must reduce 5 percent or more in order to be FHA Streamline Refinance - eligible.

With mortgage rates low, it's easier for homeowners to meet the FHA's Net Tangible Benefit requirement.

However, you must be current on your monthly payments and show that you'll receive a net tangible benefit in the form of a lower interest rate or monthly cost.

The FHA Streamline Refinance only requires that the homeowner has made on - time payments for the last 6 months; and, that the homeowner receives a «Net Tangible Benefit» — in this case, defined as lowering the «combined rate» by at least one - half of one percent.

For veterans and servicemembers planning to purchase a home in Virginia using their VA home loan benefit, a Net Tangible Benefit Worksheet and termite inspection are required.

My guess is the scar from the depression was too great for him to overcome, and he could never get comfortable in making investments in good operating businesses where the price exceeded the net tangible asset value.

For veterans planning to purchase a home in South Carolina using a VA - backed home loan, a Net Tangible Benefit worksheet is required.

The transaction must meet FHA net tangible benefit.

For a reduction in the term of the mortgage to be considered a net tangible benefit, certain things must apply.

There Must Be a Net Tangible Benefit The FHA actually requires that there be some advantage for the borrower if they go ahead with a Streamline Refinance.

III) The lender must determine there is a net tangible benefit as a result of the streamline refinance transaction, with or without an appraisal.

That's because if you want to take advantage of the easier and cheaper refinancing through the FHA streamline refi program, you need to pass the Net Tangible Benefit test.

Large cattle station owners such as the Macquarie Group's Paraway Pastoral and the Australian Agricultural Company had the values of their properties drop but they have rebounded and now shares in AACo are trading at a premium to the company's net tangible assets.

Loosely, Net Tangible Benefit for a fixed - rate mortgage is defined as reducing the «combined rate» by at least one - half of one percent.

Known as the Net Tangible Benefit clause, your mortgage payment must reduce 5 percent or more in order to be FHA Streamline Refinance - eligible.

Streamline Refinance applicants must demonstrate that there's a Net Tangible Benefit in the refinance.