Sentences with phrase «pay back the mortgage amount»

The reason to check all these is that the lender wants to make sure that you are someone who will be able to pay back the mortgage amount.

Not exact matches

By making one extra payment a year, you can cut a significant amount of time off the back your mortgage, because you're paying the balance down sooner.

The amount you can afford to pay back to your creditors each month is calculated by subtracting essential living costs (such as food, clothes and travel costs) and priority debt arrears payments (such as Council Tax arrears, mortgage arrears and rent arrears) from your income.

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.

Any amounts the seller owes that you agree to pay through negotiations such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions.

Two FHA Refinance Options Credit qualifying Streamline Refinance and Rate / Term Refinance Insured by the Federal Housing Administration Cash back to borrower not to exceed $ 500 Upfront and monthly mortgage insurance Minimum credit score of 640 Mortgage Credit Certificates (MCC) A Mortgage Credit Certificates (MCC) reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgamortgage insurance Minimum credit score of 640 Mortgage Credit Certificates (MCC) A Mortgage Credit Certificates (MCC) reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgaMortgage Credit Certificates (MCC) A Mortgage Credit Certificates (MCC) reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgaMortgage Credit Certificates (MCC) reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgagemortgage loan.

The PMI or private mortgage insurance fee is an insurance fee that is added to the monthly loan amount that needs to be paid back on time each month.

Many homeowners worry about the consequences of undertaking a short sale, and paying their lender back less than the full amount owing on their mortgage.

In some cases, lenders will require the borrower to sign a note agreeing to pay back the difference between the sale price and mortgage amount.

How do you pay the back due amount on the mortgage, the attorney fee, and trustee fee?

A. Although often first thought of as a good strategy, paying off your mortgage with your RRSP and then putting what your mortgage amounts would have been back into the RRSP, is not a good strategy — for several reasons.

When you take out a mortgage loan, you agree to pay back the principal amount (actual loan money) in addition to interest over a specified period of time.

With a reverse mortgage, upon the passing of its youngest homeowner, the estate can sell the property but the lender must be paid back the loan amount in addition to any mortgage insurance premiums and interest due on the loan.

With a mortgage, the lender pays the lump sum amount to the home seller, and payments are made back to that lender by the home buyer over the course of the loan term.

Even if the amount you get back doesn't fully cover the mortgage, you can still use it to pay down a big chunk off the principle, save a bunch of interest, and be that much closer to paying off the mortgage.

The amount of the mortgage hasn't changed since you borrowed with it in 2016 dollars, but now you are paying it back with dollars that are worth less than they were in 2016.

After the lender's real estate attorney, also known as the closing attorney, explains at closing to the homebuyer that by signing the «note» he or she is promising to pay the loan amount back, homebuyers are sometimes surprised when the attorney then presents the mortgage document to be signed.

Any amount left from the sale of the home after paying back the reverse mortgage can be disbursed to heirs.

At the request of the sellers, Respondent prepared a purchase agreement providing that David Fisher pay $ 185,000.00 for the real estate; the buyer was to obtain a first mortgage on the real estate in the amount of $ 110,000.00, and the seller was to take back a second mortgage in the amount of $ 75,000.00.

If you have equity but not cash, you can still get started with loan acceleration as long as your monthly net income exceeds your expenses by at least the monthly pay - back on HELOC chunk or the amount of additional principal you wish to apply to your first mortgage payment every month.

You can borrow it out, pay it back, borrow it out, pay it back,... or, apply that amount to your first mortgage payment as additional principal until the first mortgage is gone which then improves your monthly cash flow by the amount of that payment.

She had apparently paid off her mortgage back in February and the bank had not yet registered the payout, and now it was May The employee had been looking into the details, spotted her being at the teller, and proceeded to discuss the amount paid out and the dates, the address of the property, etc..