Sentences with phrase «of the outstanding mortgage»

The Canada Mortgage and Housing Corp. insures roughly half of outstanding mortgages in Canada against default.

(5) There are authorized to be appropriated to provide initial capital for the REHABILITATION Facilities Insurance Fund, and to assure the soundness of such fund thereafter, such sums as may be necessary, except that the total amount of outstanding mortgages insured shall not exceed $ 200,000,000.

The due on sale clause generally provides that if you ever transfer the mortgaged property before paying off the mortgage then the mortgage lender has the right to immediately demand full repayment of the outstanding mortgage loan balance.

There is an upfront MIP which is typically equal to 2.25 % of the loan amount, and an annual MIP which is usually equal to.55 percent of the outstanding mortgage balance.

So, if you have a greater amount of coverage than the size of your outstanding mortgage balance at the time of your death, your family would not receive the excess payout.

HECM fees include the Initial FHA Mortgage Insurance Premium paid at closing, which is 2 % of the home value not to exceed $ 13,593, as well as an annual MIP of.5 % of the outstanding mortgage balance.

That premium is hefty: it can make up 1 % to 4 % of your outstanding mortgage.

We both agree about my going on title, and I am hoping to also pay down some of her outstanding mortgage with some of my proceeds, and together we would also be splitting the mortgage payments thereafter.

Home equity can be described as the value in your home, calculated with subtractions of all outstanding mortgages from its market value.

In fact, the Federal Reserve Board says that homeowners can expect to pay 3 percent to 6 percent of their outstanding mortgage balance in closing and settlement fees when financing.

Over the life of the loan, you will be charged an annual MIP that equals.5 % of the outstanding mortgage balance.

If there is a purchase without the cancellation of the outstanding mortgage, the debtor keeps owing the remaining of the mortgage balance to the lender and the property keeps being tied as collateral of the loan.

The fixed rate loan is the most popular mortgage loan representing nearly 75 % of the outstanding mortgage loans in the United States.

Some lenders will let you calculate your monthly payments based on the value of the outstanding mortgage once the savings have been offset.

To conclude on the amount of life insurance policy you should buy, I will say that you should endeavour not to go below the amount that will cover your funeral expenses, repayment of your outstanding mortgage or other loans and your family living expenses.

An epidemic of mortgage delinquency would decrease the value of outstanding mortgage - backed securities.

With interest rates on the rise, Moody's notes that mortgage - servicing costs are likely to climb because nearly half of outstanding mortgages are due for interest rate renewals within a year, adding further strain on households» debt - servicing capacity.

The most notable of these programs is the Home Affordable Refinance Program, which is a loan - refinancing program for borrowers whose homes are worth less than the value of their outstanding mortgage loan.

The Mortgage Prepayment Charge Calculator will calculate the prepayment charge you are required to pay if you decide to pay off all of your outstanding mortgage balance prior to the maturity date1.

If you own your home, and the property is worth more than the amount of any outstanding mortgage and secured loans, your home has «equity» in it.

As of mid-2006, the total amount of outstanding mortgages was worth roughly $ 660 billion, with about $ 80 billion of that representing new mortgages and the rest representing existing mortgages.

The FHA has capital reserves equal to just 0.53 % of the value of the thousands of outstanding mortgage loans that they insure.

If you bought a home for $ 100,000 in 2011 you will likely have paid down about 14 percent of the outstanding mortgage by the end of your seventh year.

The percentage of outstanding mortgage loan principal that prepays in one year, based on an annualized Single Monthly Mortality (SMM), which reflects the outstanding mortgage loan principal that prepays in one month.

Typical low IRD penalties are about 1 % of the outstanding mortgage amount.

Typical bank IRD penalties are about 4 % of the outstanding mortgage amount.

That's why it is so important to have mortgage life insurance protection on your home, at the right amount of coverage — which would be the amount of your outstanding mortgage loan — how much you owe on the mortgage today.

When a person obtains a mortgage from a bank to buy a building, the bank (mortgagee) has an insurable interest in the building to the extent of the outstanding mortgage.

Q: Can an existing life insurance policy be used to provide for the repayment of an outstanding mortgage loan?

So, if you have a greater amount of coverage than the size of your outstanding mortgage balance at the time of your death, your family would not receive the excess payout.

If you are buying term life insurance for mortgage protection, maybe 20 or 30 years is right, depending on the length of your outstanding mortgage loan.

Decreasing Term Life Insurance — provides a death benefit that decreases each year with the amount of your outstanding mortgage.

The acquisition consideration consists of the assumption of approximately $ 231.1 million of outstanding mortgage debt, the issuance of 325,098 operating partnership units valued at $ 46.14 per unit, and approximately $ 380.9 million in cash.

Life insurance companies will see 7 percent ($ 21.9 billion) of their outstanding mortgage balances mature in 2013.

In a short sale, the bank allows the property to be sold for less than the amount of the outstanding mortgage.

The credit facility refinanced $ 618.9 million of outstanding mortgage debt, including $ 389.9 million of debt which was scheduled to mature in 2018, Brookdale says.

Over the life of the loan, you will be charged an annual MIP that equals.5 % of the outstanding mortgage balance.

-- The sub prime market makes up five per cent or less of all outstanding mortgages in Canada; in the U.S. the total sub prime mortgage market is closer to 20 per cent.

Effective 10/02/2017: Initial MIP will be 2.0 % on all loans with an annual MIP that equals.5 % of the outstanding mortgage balance.

The housing market's velocity has been slowed by the lingering problem of «negative equity» — when homeowners» property value falls below the value of their outstanding mortgage amount.

For example, assume that a mortgage loan amount is $ 250,000, the estimated amount of all outstanding mortgage loans secured by the real property total $ 200,000, and the total estimated closing costs disclosed under § 1026.37 (g)(6) are $ 10,000; the amount disclosed under § 1026.37 (h)(1)(ii) is − $ 10,000, since the result of the difference between the mortgage loan amount and the estimated amount of all outstanding mortgage loans secured by the real property is positive $ 50,000, but since there are only $ 10,000 in closing costs, the amount disclosed is limited to − $ 10,000.

Not exact matches

The amount of mortgage insurance it's allowed to have outstanding is capped by legislation.

By taking your student loan debt and combining it with your other outstanding consumer debt — cedit cards, mortgages, lines of credit and loans — you have the ability to negotiate or take advantage of a lower interest rate, all while streamlining your payments to one lender and one payment per month.

It's nearly outpacing mortgage lending for the first time since the 1980s, the Wall Street Journal reports, and it accounts for 21 percent of all outstanding loans from banks.

«Based on current growth rates, outstanding uninsured mortgages could exceed insured mortgages by the end of 2016.

JPMorgan and the Department of Justice are thrashing out a $ 13 billion settlement to resolve outstanding mortgage - related litigation.

CMHC insures nearly 50 per cent of the whopping $ 1.1 trillion in residential mortgage credit currently outstanding in Canada.

The panel is based on credit report data collected by Equifax (one of the three credit bureaus in the United States) and it contains information on all outstanding loans — including mortgages, auto and student loans, and credit card debt — at the individual consumer level.

Our national advertising fund promotes the quality of the Dominion Lending Centres brand to consumers through television, print, and online, and educates Canadians about the outstanding benefits of using a Dominion Lending Centres mortgage professional.

Mortgage life insurance, or mortgage protection insurance, refers to a set of life insurance products that are designed to pay your outstanding mortgage balance in the case you paMortgage life insurance, or mortgage protection insurance, refers to a set of life insurance products that are designed to pay your outstanding mortgage balance in the case you pamortgage protection insurance, refers to a set of life insurance products that are designed to pay your outstanding mortgage balance in the case you pamortgage balance in the case you pass away.