Sentences with phrase «payments against a buyer»

Back - end ratio compares not the monthly housing payments against a buyer's monthly income, and all other monthly payments, too.

Not exact matches

Retailers who accept payment in foreign currencies from foreign buyers understand currency risk: the prospect ending up with fewer dollars than anticipated if the foreign currency depreciates against the dollar before the sales proceeds are converted to dollars.

Called FHA Mortgage Insurance Premium (MIP), this fee is a type of insurance that protect lenders against loss in case the home buyer can't make the payment.

The CMHC provides mortgage loan insurance to help protect lenders against mortgage default and enables home buyers to purchase homes with a minimum down payment of 5 %, and mortgage insurance is usually required for all mortgage applications whereby the borrower is putting less than 20 % down payment of the purchase price.

Called FHA Mortgage Insurance Premium (MIP), this fee is a type of insurance that protect lenders against loss in case the home buyer can't make the payment.

(2) If the contract involves carriage of the goods, the seller may dispatch the goods on terms whereby the goods, or documents controlling their disposition, will not be handed over to the buyer except against payment of the price.

The Conventional 97 is a low down payment mortgage program which allows first - time home buyers and repeat buyers to make down payments of just 3 % against a home's purchase price.

Werner v. Katal Country Club (234 A.D. 2d 659)- broker may recover a commission in the absence of being the procuring cause in a transaction where the seller terminates the broker's activities in bad faith and as a mere device to escape the payment of the commission; triable issue of fact exists as to seller's bad faith where seller engaged in direct negotiations with buyer and withdrew proposed contract indicating broker was the procuring cause and inserting himself as procuring cause after broker refused to reduce his commission; cause of action against attorney under Judiciary Law § 487 (1).

The wrap agreement provides that if the seller fails to make payments to the wrapped lender the buyer may do so and receive credit against the wrapped note.

Because it could prove difficult to take legal action against a foreign buyer — who may be out of the country or difficult to contact — sellers should consider asking for a sizable down payment or «good faith money deposit» to guarantee the sale.