Not exact matches
It seems that from a mathmatical point
of view, your lowest risk comes from when your
liquid assets are
greater than your mortgage.
Liquid investments or
assets are defined as those that can be converted into cash quickly and without
great impact on the price
of the
asset.
The biggest benefit is taking something that was perceived to be illiquid and
of limited value, and turning it into a
liquid asset that may have an even
greater value in the hands
of an investor than the original policy owner.
Suddenly, those who are successful outside the game (success being defined as having enough disposable income to afford RMT services, such as the purchase
of in game
liquid assets), are able to buy a
great deal more at what was once the market equilibrium, creating an artificially inflated demand, and causing prices to rise as supply dries up.
You may be required to make an additional down payment contribution from your own funds if your «remaining
liquid assets» at the time
of settlement will exceed the
greater of 6 months
of your new housing PITI (principal, interest, taxes, and insurance) payment or $ 7,500 plus any additional payment reserve requirements that may be imposed by the first mortgage loan program.