Sentences with phrase «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.
https://www.valuepenguin.com/
• For streamline refinance transactions WITHOUT an appraisal, the CLTV is based on the original appraised value of the property.
Not exact matches
b) If the property was purchased less than one year preceding the application date, the LTV / CLTV (85 %) for the mortgage amount must be calculated using the lesser of the appraised value or the original sales price of the property.
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.
If the value of your inherited property sends the total value of assets over the limit, the estate tax is calculated as a percentage of the property's appraised value at the time of the original owner's death.