Sentences with phrase «part of the loan balance»
As the service fee set aside is not part of the loan balance, the funds remaining in the service fee set aside at time of loan repayment are not subject to refund.
reversemortgage.org
Wouldn't it be nice to have part of your loan balance forgiven?
Read more Another relief for FHA borrowers is a temporary period of forbearance, a loan modification that would lower the interest rate or extend the payback period or a deferral of part of the loan balance at no interest.
These funds do not become part of your loan balance until which time the funds are actually disbursed.
The first is a mechanism for helping troubled home owners refinance their mortgages, as long as their lenders were willing to write down part of the loan balance on houses that have fallen significantly in value.
That relief might be in the form of a temporary period of forbearance, a loan modification that would lower the interest rate or extend the payback period or a deferral of part of the loan balance at no interest.
That relief might be a temporary period of forbearance, a loan modification that would lower the interest rate or extend the payback period, or a deferral of part of the loan balance at no interest.
This «set aside» is not part of your loan balance until which time the funds are actually disbursed.
Enjoy flexible payment frequency: payments can be made weekly, every two weeks or monthly; all or part of the loan balance may be paid before the loan expiry at any time, with no prepayment charge.
As long as one homeowner continues to live in that home as the primary residence, the homeowners aren't obligated to repay any part of the loan balance.
For example, if you currently have a HECM reverse mortgage, then your payments are applied in the following order: first to that part of your loan balance representing mortgage insurance premiums, secondly to that part of your loan balance representing servicing fees, thirdly to that part of your loan balance representing interest charges, and finally to that part of your loan balance representing principal advances.