Sentences with phrase «only lien on the home»

Not exact matches

Other times, it is opened as a new lien and only used to pay for a down payment on the new home, adding additional debt on top of your two mortgage payments.

Other times, it is opened as a new lien and only used to pay for a down payment on the new home, adding additional debt on top of your two mortgage payments.

Lenders who have already filed to foreclose on your home are only temporarily stalled, and other debts such as mortgage liens can be collected after the case is concluded.

The only problem with using home equity is that if the business doesn't succeed and the loan needs to be repaid, a lien could be placed on the property resulting in foreclosure.

Since LTV only describes your first mortgage, lenders need CLTV to calculate the risk for a borrower with multiple liens on his or her home.

100 % of the Continued Use and Occupancy of your home 100 % of the income tax write off for interest and property tax 100 % financing at the «real» value of the property 100 % elimination of the over-encumbrance amount 100 % removal of all payment arrearages 100 % elimination of late charges and penalties 100 % removal of negative credit entries related to the former mortgage 100 % of all income derived from renting or leasing the property out during the term 100 % of all future appreciation 100 % of all equity build - up from principal reduction 100 % protection of the property from creditor claims and judgments 100 % protection of the property from IRS liens 100 % comfort in the knowledge that the homeowners payment is based on only a 50 % loan, even though his financing is 100 % 100 % no prepayment penalties