Sentences with phrase «obtain second mortgages»

People obtain second mortgages in order to pay for home improvements, consolidate personal debt or to reduce the down payment on their primary mortgage.

Furthermore, a number of private lenders have very strict requirements which lock many home owners out of obtaining second mortgages.

If the terms of your agreement allow you to pay off any portion early (e.g. many «fixed» mortgage agreements allow for a payment of 20 % of the outstanding principal, on top of regular monthly payments), you could obtain a second mortgage for as much as you can pay off, and use it to pay down the first.

Obtaining a second mortgage will affect your credit score because it adds to your outstanding debt.

The process of obtaining a second mortgage, much like the first mortgage, calls for a property appraisal.

To obtain a second mortgage in Welland at the most competitive rates, contact our brokerage.

Our mortgage brokers in Bradford can help obtain a second mortgage, private mortgage, etc..

· That can make it difficult for an owner to refinance or obtain a second mortgage and obstruct transfer of the property from one owner to another.

If you don't have the down payment money, you can try to obtain a second mortgage on the property, but it's likely to be an uphill struggle.

Not exact matches

A secured loan is much easier to obtain than a home equity line of credit, which is a second mortgage.

A secured loan is much easier to obtain than a home equity line of credit, which is a second mortgage.

Centered on Texas A&M's flagship campus, the appropriately - named College Station ranked as the second most expensive Texas city for locals to obtain a mortgage on the median home price.

Even if we're talking about some unexpected expenses or some investment plans, a second mortgage is always a good method to obtain the needed money.

This is where you obtain one mortgage for 80 % of the purchase price, and a second loan for 10 % of the purchase price.

If you currently have a 1st mortgage at a great interest rate, we can offer a second mortgage where you obtain the money you require plus an additional lump sum to pre-pay your mortgage, so you can work on the things that are important to making you successful.

On the other hand, obtaining a home equity loan (or home equity line of credit or second mortgage) requires that you have sufficient income to cover the debt - plus, you must continue to make monthly principal and interest mortgage payments.

Over the life of a 30 - year second mortgage, the savings obtained by stripping a second mortgage can be huge.

In Barrie, second mortgages are an increasingly popular means of obtaining loans to cover unexpected expenses.

And why risk losing equity in your home if the only way you can obtain a debt consolidation loan is by way of a second mortgage?

In some, but not all cases, a consumer is only able to obtain a consolidation loan by providing the lender with security — typically a second mortgage on their home.

I have a second mortgage that I would like to refinance to obtain a lower interest rate and also would like to pull cash out for home improvements.

Second, you don't need an income to obtain a reverse mortgage.

How easy is it to obtain a loan for a second mortgage?

Until recently, a popular financing option for low - down payment borrowers was to secure a primary fixed - rate mortgage for up to 80 percent of the purchase price, then obtain a second adjustable - rate, or «piggyback,» loan for the down payment.

The 60 - second spot, created and paid for by Quicken Loans, promoted the company's «Rocket Mortgage,» which promised to «[do] for mortgages what the internet did for buying music and plane tickets and shoes» — in other words, to allow consumers to obtain a mortgage entirely online, even via smaMortgage,» which promised to «[do] for mortgages what the internet did for buying music and plane tickets and shoes» — in other words, to allow consumers to obtain a mortgage entirely online, even via smamortgage entirely online, even via smartphone.

In the current excellent home sales market, in most cities few sellers tell their agents, «I want to carry back a first or second mortgage to help my buyer purchase my home and to obtain an excellent mortgage investment for myself.»

Home Equity Line of Credit A mortgage loan, usually in second position, that allows the borrower to obtain cash drawn against the equity of his home, up to a predetermined amount.

At the request of the sellers, Respondent prepared a purchase agreement providing that David Fisher pay $ 185,000.00 for the real estate; the buyer was to obtain a first mortgage on the real estate in the amount of $ 110,000.00, and the seller was to take back a second mortgage in the amount of $ 75,000.00.

Home Equity Line of Credit (HELOC) Also referred to as a revolving line of credit; usually a second mortgage, which allows the borrower to obtain multiple advances up to a specific credit limit.

Getting a Mortgage If you can't purchase a second home out - right, you're going to go the traditional route and look into obtaining a mMortgage If you can't purchase a second home out - right, you're going to go the traditional route and look into obtaining a mortgagemortgage.