Sentences with phrase «pay back his mortgage if»

The lenders believe that you may not have problem paying back the mortgage if you are granted.

Not exact matches

If you always pay back every business loan, credit card statement, and mortgage bill on time, in full, then you're doing great.

If you qualify you can get up to 3 % of your first mortgage loan in a grant that you never have to pay back.

If they're unable to make the mortgage payments and the outstanding mortgage can not be covered by your estate, the person that inherited the house will have to sell it and pay back the mortgage.

If you have mortgage loan, you have the responsibility to pay back the loan.

Mortgages are secured with the purchased home as collateral, meaning that the home can be seized if the loan isn't paid back according to the initial agreement.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

The mortgage provides security for the loan, meaning the lender can take back the home if you stop paying on the loan.

The lender will want to know if you have enough money left over every month after you meet your necessary obligations (rent, mortgage, car payment, utilities, credit cards, etc.) to pay back the loan.

When I get my tax check back, I'll have enough to either throw $ 5500 in Roth (counts for 2015 if done by April 15 I guess) and can try another $ 5500 for 2016 by the end of the year, OR I can put this $ 11000 toward the house, pay off the house, and then go crazy on retirement once the house is paid off (using the mortgage payment to do that).

Refinancing a 30 - year mortgage will set the borrower back to 30 years, even if they have paid for four years and had 26 remaining, after refinancing, the loan goes back to 30.

Also, if you paid the four mortgage payments you were behind all at once a month before you file bankruptcy and do not wait ninety - one days after that check clears, then the trustee may be able to get all of that money back from the mortgage company.

So it does not have to say foreclosure but if a lender sees «settled on account» or «short sale» or even «paid for less» then a future mortgage lender and underwriter view this as a home loan agreement you got into and then could not make the payments and had to give the rights back to the 1

My key thinking is that again, getting back to this concept of retiring totally debt free, if you've bought a house you can afford, that means you will have been able to afford to pay off that mortgage.

Short - term investments are risky too — if you sell your home and it's not enough to pay back the bank, you could be on the hook for multiple mortgage payments.

The following lesson was learned: Even if you pay all your mortgage payments the bank can still take back your house.

The bonds are mortgage - backed so if CSI reneges on its commitments, the property will be sold with bondholders getting a cut of the proceeds after all other lien - holders (like the bank and city) are paid off.

If you decide to get a cash back mortgage, you'll find yourself paying a decidedly higher interest rate than on a standard mortgage.

If you took out a mortgage loan to pay for your home, the odds are high that your mortgage is backing up a publicly traded security.

Cash back amounts that were paid up front are repayable if mortgage is discharged, transferred or renewed before maturity date.

If the proceeds from the sales of the house is more than your outstanding mortgage amount, the excess will be paid back to you.

It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan.

But if you scale up your mortgage simply because an interest deduction is available, that means you're okay paying a dollar in order to get 25 cents back.

If you select a loan backed by the Federal Housing Administration (FHA), you'll also have to pay mortgage insurance.

Closing cost assistance often comes as a grant or deferred forgivable 2nd mortgage that you won't have to pay back if you've followed the grant's stipulations.

The U.S. government sponsors these loans and will pay these loans back to the mortgage institution if the borrower defaults under certain conditions.

If the spouse who holds the deed dies, the surviving spouse must either pay back the reverse mortgage in full or lose the house.

Keep in mind that if you choose a conventional or government - backed loan and you're making less than a 20 % down payment, you'll have to pay for private mortgage insurance.

If you are being asked to pay an old style «mortgage» student loan that you think is extinguished, you can use the Time has run out to recover the debt sample letter to write back to the creditor.

This means that if you were to not pay your mortgage, the government will pay back the lender.

If such «donations» are in fact loans, borrowers have the added burden of paying back their mortgage lenders and their «gift money» donors simultaneously.

If you back out of the mortgage before the term is up, you will have to pay a penalty.

This might be helpful if your income has dropped, you don't think it will improve and you need longer to pay back your mortgage.

If you refinance back to the same loan term on the new mortgage, you may pay more additional interest than you would save by lowering your monthly payment.

Typically, invisibles and unscorables face a tough road if they want to buy a home, because mortgage lenders are reluctant to fork over money to individuals with no traditional track record of paying back debts.

But if you get paid monthly, there is no point in making your mortgage payment weekly — the savings on interest are minimal, and anyway you end up having to push a payment back just so you can keep a balance in your chequing account to spread a monthly paycheque over several weekly periods.

If you have a steady income, and your debt is steadily diminishing, it proves that you are reliable and they can expect you to pay back your mortgage.

So if you've paid off a certain portion of your mortgage, you can borrow some of that money back.

If you die, for instance, your home will typically be sold to pay back your reverse mortgage.

Also, if you have a non-mortgage debt, make sure you pay it back as quickly as possible so as to improve your credit score and get better mortgage Canada rates.

On the other hand, you could get approved for a loan or mortgage more easily if you have a lower debt - to - income ratio because your creditors may feel that you will be more likely to pay back the loan since your money isn't already tied up in other debts.

However, if he jumps from job to job, or if he barely qualified for a mortgage because of a lower credit score, lending him cash to purchase a house has more risks than benefits, and there's a chance that he won't pay you back.

So basically, I have to pay 4.49 % fees to get the maximum of 3 % cashback (Chase Freedom card can give me 3 % back) if my monthly mortgage payment is $ 1,000.

Annaly and American Capital Agency, for instance, invest in agency mortgage - backed securities, which come with an implicit guarantee against default — meaning if the borrowers stop paying, they are reimbursed for the difference.

Before applying for a mortgage, car or personal loan, you need to know if you earn enough income every month to pay back your new debt.

A co-signer is someone who agrees to be responsible for the mortgage loan if you aren't able to pay it back.

If your house is over mortgaged, you can stop paying the mortgage and hand back the home to the secured lender for sale.

FHA mortgages are backed by the US government so that if you were to not pay the mortgage, the FHA would reimburse the lender.

With houses losing their value at a record pace, especially if it has been abandoned during a bankruptcy and has now been vandalized, mortgage banks are not willing to pay the expenses of taking back the worthless homes.

In conclusion... Piggy - back financing is a great idea if you plan on plan on paying off your second mortgage before the loan term ends.