Sentences with phrase «outstanding mortgage»

It means you may be able to move home and keep your interest rate for your current outstanding mortgage balance.

An epidemic of mortgage delinquency would decrease the value of outstanding mortgage - backed securities.

A person having a huge outstanding mortgage loan balance to pay will be required to take higher life insurance than someone with little or no mortgage balance to pay.

This is a realistic and reasonable approach to foreclosures, a recognition that no one wins and that someone who has lost their home has enough problems without being sued for outstanding mortgage debt.

On the other hand, reducing personal debt and paying off outstanding mortgage amounts is also clearly a worthwhile pursuit.

Mortgage life insurance provides coverage for outstanding mortgage payments in the event of the policyholder's sudden death.

Equity Usually defined as the difference between the market value of a piece of property and any debts against it, such as outstanding mortgages, claims, liens, rights or liabilities.

This involves selling real estate to satisfy outstanding mortgage debt.

5 am: Total outstanding mortgage debt is approaching 2008 levels.

Ensure that your outstanding debt is paid, e.g. outstanding mortgage payments, outstanding loans and other debt so that your loved ones do not have to deal with it.

Life insurance death benefits may be used to pay off outstanding mortgage balances, enabling your family members to continue living in their current home.

A short sale is when a bank or credit union issuing the mortgage agrees to the sale of a home for less than the current outstanding mortgage obligation.

Many home values dropped or almost dropped below outstanding mortgage balances — creating widespread negative equity.

It is similar to life insurance but differs due to the sum that is insured reduces over the term of the policy to track your reducing outstanding mortgage sum.

You'll also want to take note of any current debt you have, like outstanding mortgage, auto or student loans, or credit card debt.

The original type of mortgage life insurance providing coverage that decreased each year with the amount of your still outstanding mortgage loan, while premiums remained the same.

Direct Mortgage Loans is a licensed, direct lender committed to outstanding mortgage solutions and building lifelong relationships.

Equity: The difference between the price for which a home could be sold and the total debts registered against it (outstanding mortgage amount).

The mortgage protection policy is designed to pay the balance of an insurer's outstanding mortgage balance when they pass away.

This means that total outstanding mortgage debt is still 20 % lower than it was in 2008 when adjusted for inflation.

Even if your former spouse took responsibility for certain joint accounts, you still may be held accountable for outstanding mortgages, auto loans and credit card balances.

Life insurance death benefits may be used to pay off outstanding mortgage balances, enabling your family members to continue living in their current home.

With outstanding mortgage balances continuing to grow at a 5 % annual rate, households as well as lenders remain vulnerable to a sudden change in the trajectory of home value.»

If they sell the properties for their estimated $ 1,050,000 market price less 6 per cent selling costs and less the $ 192,710 outstanding mortgage on the properties, they could net $ 794,290, Stronach explains.

In our view, this is unnecessary given Canada's low default rate of circa 0.28 % and the fact that CMHC has more than enough in reserves to cover outstanding mortgages in the unlikely event of a major rise in defaults.

According to the annual report, the average outstanding mortgage amount is $ 162,157.

JPMorgan and the Department of Justice are thrashing out a $ 13 billion settlement to resolve outstanding mortgage - related litigation.

For those whose home value has declined in recent years, or simply hasn't recovered since historical peaks in the mid 2000s, it's common to have an extremely high outstanding mortgage balance.

«USMI congratulates Secretary Carson on his Senate confirmation to lead the U.S. Department of Housing and Urban Development, a critical federal agency that is a component of the more than $ 10 trillion U.S. single - family outstanding mortgage debt market.

For bigger banks, they may not renew the full outstanding mortgage balance if they see you have overextended yourself and borrowed a lot of money on your credit line.

With roots dating back to 1938, Jersey Mortgage Company has been delivering outstanding mortgage refinancing, first time home buyer loans, and other financing solutions for decades.

The modest outstanding mortgage is our only debt.

The majority of customers take it out when they still have a large outstanding mortgage balance, and young mouths to feed and clothe.

Protective will often approve a one - time death benefit reduction, so down the road when you owe less, you should be able to reduce the death benefit to match a lower outstanding mortgage, reducing your monthly premium.

«This is a significant step as the government and JPMorgan Chase move to address outstanding mortgage - related issues,» says Edward DeMarco, acting head of the FHFA.

Proceeds from the loan were used to repay approximately $ 161.2 million of ARC's outstanding mortgage indebtedness, related prepayment and other costs, and for general working capital purposes, including the repayment of approximately $ 23.8 million outstanding under ARCT's $ 220 million revolving credit facility with RBS Citizens N.A.

The FHA has capital reserves equal to just 0.53 % of the value of the thousands of outstanding mortgage loans that they insure.

Total outstanding mortgage loans in Brazil are equal to only 2 % of gross domestic product.

If they sell the properties for their estimated $ 1,050,000 market price less 6 per cent selling costs and less the $ 192,710 outstanding mortgage on the properties, they could net $ 794,290, Stronach explains.

It is also important to understand that term life insurance's best application is to cover short - and mid-term risks, such as outstanding mortgage payments, taking care of children until they become independent, etc..

The survey says the average outstanding mortgage principal is $ 138,000 and for mortgage borrowers, the average amount of equity represents 53 per cent of the average value of homes ($ 297,000).

Total outstanding mortgage debt is approaching 2008 levels.

According to the Federal Reserve, the amount of outstanding mortgage debt in the U.S. is around $ 13.4 billion.

The decision is the latest in a series of significant actions taken to resolve outstanding mortgage - related issues while solidifying the company's leading position in mortgage finance.

For those whose home value has declined in recent years, or simply hasn't recovered since historical peaks in the mid 2000s, it's common to have an extremely high outstanding mortgage balance.

In addition, at the end of 10 years the CBIA coverage would still be $ 250,000, while the mortgage insurance policy would have reduced by over $ 50,000 to reflect the current outstanding mortgage.

And while we aren't spending substantially more than we were a decade ago on monthly mortgage payments, the average outstanding mortgage balance has gone way up, from $ 120,000 in 2004 to $ 170,000 today.

The Canada Mortgage and Housing Corp. insures roughly half of outstanding mortgages in Canada against default.