Sentences with phrase «original appraised value»

This means that you've paid enough to have 20 % equity in the original appraised value of the property.

HECM refinancing allows existing HECM borrowers the chance to refinance and pay only the upfront Mortgage Insurance Premium and the difference between the original appraised value and the new appraised value / FHA loan limit.

The original appraised value of the home will be used for determining LTV in streamline refinances where no appraisal is required.

This method does not commonly lead to a significant change of the original appraised value.

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

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

This means that you've paid enough to have 20 % equity in the original appraised value of the property.

The borrower may ask the lender to cancer PMI when the mortgage balance has been paid down to 80 % of the home's original appraised value.

You can request removal of the PMI as soon as your LTV ratio reaches 80 % as per the amortization schedule and the lender must grant the request provided your account being in good standing, i.e. you have not missed payments or made late payments and your LTV actually is at 80 % as per the amortization schedule (which uses the original appraised value of the house).

This method does not commonly lead to a significant change of the original appraised value.

A borrower can request in writing for the lender to cancel the PMI when the mortgage balance has reached 80 % of the home's original appraised value.

HECM refinancing allows existing HECM borrowers the chance to refinance and pay only the upfront Mortgage Insurance Premium and the difference between the original appraised value and the new appraised value / FHA loan limit.