Sentences with phrase «new appraised value of the home»

Not exact matches

This option not only allows you to start a new mortgage at a lower interest rate, but let's you add additional funds to the borrowed amount — up to 80 % of your home's appraised value.

The lender will disclose to the homeowner the benefits of the program including home retention, a new affordable mortgage based on the current appraised value, and 10 percent equity.

If a subordinate lien (home equity loan or line of credit) will remain in place, the CLTV can not exceed 125 % based on the original home value if there's no new appraisal, and 125 % of the home's current appraised value for loans with a current appraisal.

If you have a second mortgage, the lienholder must either write off the loan or re-subordinate it to the new first mortgage, and write off enough so that the total of both the new first mortgage plus the old second mortgage is no more than 115 % of the home's current appraised value.

The VA is a guarantor for refinancing your loan, but the new loan value can't exceed the appraised value of your home.

Even then, a very skeptical, educated appraiser can come up with appraised opinions of values of new homes which fly in the face of what buyers are paying for same.

Many refinances will let the borrower receive 80 % of the home's new appraised value, while others may allow up to 95 %.

The issue will be especially severe for those who carry a significant mortgage (as a percentage of the home value) in retirement, who will be subject to the new 2.5 % upfront MIP on the entire appraised value of the property (and even for those whose reverse mortgage financing would be less than 60 % of the Principal Limit Factor, the new upfront MIP will be 0.5 %).

Of particular concern to home builders: the impact that appraisals in deals involving foreclosed homes, short sales and distressed real estate has had on the real estate market, particularly when appraisers use these properties as comparables for brand new homes — doing so, brings down the appraised value of the new home unfairly and inaccuratelOf particular concern to home builders: the impact that appraisals in deals involving foreclosed homes, short sales and distressed real estate has had on the real estate market, particularly when appraisers use these properties as comparables for brand new homes — doing so, brings down the appraised value of the new home unfairly and inaccuratelof the new home unfairly and inaccurately.