Sentences with phrase «obligation of a mortgage»
The obligation of a mortgage refers to the legal agreement between a borrower and a lender, where the borrower pledges their property as security for repayment of a loan. Full definition
Many people will get a term life insurance policy to cover them in their younger days and their financial obligations of a mortgage and children.
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Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies or is otherwise unable to meet the contractual obligations of the mortgage.
Mortgage insurance is a policy that protects the mortgage lender (most often a bank) in the event that the borrower (most often the homeowner) defaults on payments, dies, or is unable to meet the financial obligations of the mortgage.
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage.
There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage.
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage.
They take on all the obligations of the mortgage (though you pay it) and the lender in turn treats the mortgage as being in the name of the person with better qualifications.
Unlike a traditional home equity loan or second mortgage, borrowers do not have to repay the loan until they either no longer live in the home as their principal residence or they fail to meet the obligations of the mortgage.
However, unlike a traditional home equity loan or second mortgage, HECM borrowers do not have to repay the HECM loan until the borrowers no longer use the home as their principal residence or fail to meet the obligations of the mortgage.
There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage.
To qualify for an RBC Investment Property Mortgage, you must have a good credit history, demonstrate sufficient rental income (either through existing tenancy documentation or an opinion of market rent), and have enough non-rental income to meet the obligations of the mortgage.
Without the obligations of a mortgage and home repairs, renters may seem to have it easy compared to homeowners.
Think about that: money left behind in houses where the owners didn't have enough to repay the obligation of their mortgage.
There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage.
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage.
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage.
According to the FHA, HECM loans differ from typical home loans or second mortgages because, «no repayment is required until the borrower (s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage.»
A percentage of the obligations of mortgage brokers would incorporate the accompanying:
But unlike a traditional home equity loan or second mortgage, you don't have to repay the loan until you either no longer live in the home as your principal residence or you fail to meet the obligations of the mortgage.