Sentences with phrase «on the appraised value of»

Insurers typically base the price of artwork riders on the appraised value of your art and your home's distance from a fire hydrant.

For example, they cap the total amount of loan that you are able to receive based on the appraised value of homes in the area.

Private Lenders concentrate on the appraised value of the house and value of existing debts when deciding whether or not to approve loan applications.

Origination fees are government regulated and based on the appraised value of the home.

You can get up to $ 10,000 depending on the appraised value of your car and the laws in your state.

The amount they offer depends on the appraised value of the vehicle, up to $ 10,000.

You can get up to $ 10,000 depending on the appraised value of your car.

Loan amounts are based on the appraised value of your vehicle and average around $ 2,000.

The actual amount in each case depends on appraised value of the property in question.

If you wish to give the property outright, you qualify for a charitable income tax deduction based on the appraised value of the property.

The lender will give the loan based on the appraised value of the property, and if the appraisal comes in low, you may decide to cancel the loan.

Depending on the appraised value of the two family you may even be able to cash out some of the money to invest in the SFH.

If we ignore the commercial side and just look at our properties considered residential from a mortgage perspective, we pay just shy of $ 4500.00 / year in premiums on an appraised value of ~ 1.45 million.

It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 6,000, other settlement costs of $ 2,688, and a mortgage payoff of $ 35,000; amortized over 193 months, with total finance charges of $ 51,714.48 and an annual percentage rate of 4.53 %.

Further, if the investor in the above example seasons his property, that is owns the property for more than a minimum amount of time (6 months - 12 months is usual), then it may become possible for him to refinance based on the appraised value of the property rather than the lower of appraised value or cost.

The reason is the traditional sources firstly verify the borrower's income, decide the loan amount on the appraised value of the property and then go through a number of procedures to grant the loan.

It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 7,500, other settlement costs of $ 2,783, a lender credit of $ 1000, and a mortgage payoff of $ 130,000; amortized over 145 months, with total finance charges of $ 111,075 and an annual percentage rate of 5.68 %.

The fact that your property is rented quickly at the highest rental rate in the neighborhood has little to know impact on the appraised value of the property.

Not exact matches

Allsteel has four attributes on which it grades the quality of feedback from each session participant: content of comments, ability to appraise a product's potential value, open mindedness to new ideas, and whether he / she represents a client base it wants to attract.

If your property value has gone up, your cancellation request may be denied based on the fact that your payments haven't reached 20 % of that current appraised value.

In appraising Dash's performance it is useful to look at Metcalfe's Law, which values social media assets based on a formula of network size.

Mortgage insurance on a conventional loan can be canceled after your loan is paid down to 80 % or more of the appraised value of the home, but FHA mortgage insurance stays for the life of the loan.

This percentage is based on the lesser of the original purchase price or current appraised value.

Subtract the balance of the loan still outstanding on your mortgage from the appraised value of your home.

Cash money, however, may be required if there is a lien on the automobile that you are trading and the balance is greater than the appraised value of your trade in.

So you can think of the appraised value as one person's informed opinion, based on property and market conditions.

Depending on your lender, you can borrow up to 125 % of your home's appraised value if you intend to make home improvements.

The calculation is based either off the appraised value or the original sales price, depending on the length of time the borrower has owned the property.

Many lenders set the credit limit on a home equity line by taking a percentage (say, 75 percent) of the appraised value of the home and subtracting the balance owed on the existing mortgage.

Under the Homeowner's Protection Act (HPA) of 1998, you can request PMI be removed from your mortgage when the balance on your loan reaches 80 % or less of the home's original purchase price or appraised value at the time of purchase (whichever is less).

The Commissioner may lower the property sale requirement below 95 percent of the appraised value based on market conditions.

This has a negative effect on property values, and it could drag down the appraised value of your home as well.

The lender will disclose to the homeowner the benefits of the program including home retention, a new affordable mortgage based on the current appraised value, and 10 percent equity.

Here's the formula: Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 80 %.

Mortgage insurance on a conventional loan can be canceled after your loan is paid down to 80 % or more of the appraised value of the home, but FHA mortgage insurance stays for the life of the loan.

LTV is obtained by dividing the total value of mortgages on a home by the selling price most recently appraised.

Many of them limit total indebtedness on a property to 80 % of its current appraised value.

Then, when your home is appraised as part of the mortgage approval process, your appraiser will assign a home value based on what your home will be worth after your upgrades are complete.

On the other hand, there are lenders in almost all states / provinces that allow you to take out a second mortgage up to 90 percent of the appraised value of your home.

MIP cancellation of a Streamline Refinance without an appraisal is determined based on the «original appraised value» provided by HUD.

The annual MIP may be canceled by HUD once the unpaid principal balance reaches 78 % of the lower of the initial sales price or the appraised value based on the initial amortization schedule.

Because a HELOC allows you to borrow money against your home's value, your line of credit will depend on several factors, including your home's appraised value, the remaining balance on your existing mortgage, and your credit history.

• For streamline refinance transactions WITHOUT an appraisal, the CLTV is based on the original appraised value of the property.

A home's appraised value is based on such factors as square feet, number of bedrooms, number of bathrooms, the location and age of the property, and interior improvements.

You have to be at least 55 to get a reverse mortgage, and your borrowing capacity is limited to 50 % of the home's appraised value, depending on age and location.

For instance, if the FMV of the inherited home is $ 350,000 and then six months later, when she rents the house, the appraised value is now $ 400,000, she would have to pay capital gains tax on $ 50,000.

The financial institution offers home equity lines of credit to qualified borrowers based on their credit history, income, debt obligations, and the appraised value of the home compared to the outstanding mortgage balance.

«FHA will determine when a borrower has reached the 78 % loan to value ratio based on the lower of the sales price or appraised value at origination.

Lenders make loan on the basis of the fair market value or the appraised value, whichever is less.

I'm certainly not an appraiser or an expert on home values, but being in the biz as long as I have, I do have a fairly good understanding of appraised home values and the ever restrictive lending requirements behind it.