Sentences with phrase «of a traditional mortgage because»

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The big question now is whether the borrowers turned away by traditional lenders because of the stricter rules will just abandon or delay their home - buying dreams, or seek out more expensive loans issued by the private lenders that are neither regulated nor required to carry mortgage insurance.

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

«Financing statements for co-ops are functionally equivalent to traditional residential mortgages, but because of a loophole in the current system, they are not subject to mortgage recording taxes.»

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

The agency said that the cuts were possible because of the bulk of the mortgage and housing crisis is over, and foreclosure rates have fallen to back to more traditional numbers.

Private lenders could be a great option if you currently are unable to qualify for a traditional mortgage or loan because of a less - than - perfect credit, debt or if you're a self - employed individual who can't always provide proof of a steady income.

However, because of this inherent safety, the average mortgage bond tends to yield a lower rate of return than traditional corporate bonds that are backed only by the corporation's promise and ability to pay.

Typically, invisibles and unscorables face a tough road if they want to buy a home, because mortgage lenders are reluctant to fork over money to individuals with no traditional track record of paying back debts.

Homeowners may also want to consider HARP, also known as the Home Affordable Refinance Program, which lets homeowners (though only those who aren't behind on their mortgage payments) refinance when they can't get a traditional refinance because the value of their homes has gone down.

When shopping for a home equity line of credit (HELOC) rate, there is more to know than when shopping for a traditional mortgage, because there are more factors that go into home equity interest rates.

A homeowner might choose a reverse mortgage because they're unable to qualify for a traditional, forward mortgage, due to a lack of employment and / or income.

Because he had very little monthly debts, his tax deductions actually did not affect him in qualifying for a traditional mortgage using two - years of tax returns.

If you are current with your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be able to refinance through the federal government's Home Affordable Refinance Program (HARP).

This is the most common method of paying down a mortgage, most likely because it is the traditional way of doing it and also because it seems to be the least expensive option.

According to the MBA, the reason many people are falling behind in their mortgages is not because of shady loans — 33 percent of new foreclosures are coming from traditional fixed - rate mortgages, while only 16 percent come from subprime loans - instead they have everything to do with lost jobs.

I personally use this loan and it's great I have an affordable payment and I would've had trouble getting a traditional mortgage because of student loan debt.

As with traditional mortgages, mortgage brokers can often offer the best deals on home - equity loans because of their relationships with multiple lenders and investment pools.

Because of the mortgage protection component, we are happy to help shoppers with traditional life insurance products.

Because mortgage protection insurance limits the term length of policies to better match with mortgage terms, you won't have the flexibility of a traditional term life insurance policy.

Home Affordable Refinance Program (HARP): A federal program for mortgage borrowers who are current on their payments but having trouble acquiring traditional refinancing because the value of their home has declined.

And because typical reverse and traditional mortgage closing costs include many of the same types of fees, the overall expenses are often comparable.

Because it's the least painful, simplest way I know to shave approximately four years off the life of a traditional 30 - year fixed rate mortgage.

Because mortgages with an LTV of over 80 % are often unable to qualify for traditional refinancing options, the HARP program was necessary to allow as many people as possible to start saving money on their mortgage payments.