Sentences with phrase «payoff of one's mortgage»

A short sale is when the mortgage holder agrees to a discounted payoff of the mortgage balance thereby limiting the loss that would occur with a foreclosure.

The justification for requiring a cash contribution is that the lender is taking a loss by agreeing to the short payoff of the mortgage loan.

In many markets, house prices have been declining steadily, and one of the best ways to deal with this is by accelerating the pay down and eventual payoff of your mortgage.

There are many variations and time limits on policies, but I like to think of term insurance as for a specific reason with a defined time line, ensure payoff of mortgage, funding education, debt payoff, budget restrictions, lump sum for a purpose.

Early payoff of a Mortgage Loan will result in termination of the discount, unless the loan is refinanced with Xceed or extra payments resulted in the early payoff.

Former Palm Beach Gardens grad Pavin Smith, currently an Arizona Diamondbacks prospect, surprised his parents this Christmas with a payoff of the mortgage on their home.

Then the money from the payoff of that mortgage can be reloaned on the same house at a higher interest rate.

Fixed - rate reverse mortgages give borrowers a one - time, «lump - sum» payment at closing of all of their loan proceeds, after the payoff of any mortgages or liens on their property.

There are different ways that you can provide for the payoff of your mortgage upon your death using life insurance.

It will provide for the payoff of your mortgage in the event of your death.

This prolongs the payoff of your mortgage and as a result you may end up paying more interest than the principle over the life of your current 30 year mortgage.

A reverse mortgage gets its name from the fact that homeowners receive payments on the proceeds of the loan, rather than making payments toward the payoff of a mortgage.

These could include the payoff of a mortgage and / or other large debt, the continuation of paying ongoing living expenses, and / or for future monetary needs such as a child or a grandchild's college tuition.

In some cases, it can make sense for a client to keep their term life insurance policy, as it is possible that the plan was purchased for a «temporary» insurance need, such as the payoff of a mortgage balance.

Uses for this type of coverage typically include covering short - term debt obligations, or those debts with a specific time frame such as the payoff of a mortgage.

In doing so, both short term financial obligations may be covered (such as the payoff of a mortgage), as well as longer term needs that the individual would have for the remainder of their lifetime (such as the payment of funeral and other final expenses, and the possibility of estate taxes).

For instance, coverage can be specifically allocated to various needs such as education expenses, the payoff of a mortgage and / or other loans, everyday expenses of loved ones, and / or income replacement in case of the unexpected.

This type of coverage can be a good option for those who are wanting to cover «temporary» needs, such as the payoff of a mortgage balance.

However, for those who are seeking a way to cover «temporary» needs, such as the payoff of a mortgage and ensuring that a child or grandchild has enough money to attend college in the future — then a term life insurance policy could be a viable option.

Those who are wishing to cover «temporary» needs, such as the payoff of a mortgage or the assurance that a child or grandchild will have the funds that they need for attending college

A term life insurance policy can be a good solution for someone who is seeking to cover «temporary» needs, such as the payoff of a mortgage balance, or the funding of a child's or a grandchild's college education.

These policies are good options to consider for those who may need additional coverage — even if you already have a group life insurance plan through an employer or a union, and / or an individual life insurance policy that is in force for other uses such as the payoff of a mortgage or for income replacement.

It will provide for the payoff of your mortgage in the event of your death.

There are different ways that you can provide for the payoff of your mortgage upon your death using life insurance.

It's a life insurance policy that is specifically tied to payoff of your mortgage.

While the term is frequently referred to as «temporary» life insurance, it can be a good alternative for those who have certain requirements, such as the payoff of a mortgage balance or an emergency fund for a young and growing family.

If this investor were to use nothing but the positive cashflow to accelerate the payoff of mortgages, she could pay off the entire thing in 12.5 years.

Whether your time horizon for staying in your home has changed, you are considering home improvements, you have an expiring adjustable rate, or you would just like to speed up the payoff of your mortgage, William Raveis Mortgage can produce a detailed analysis that may help you save on your housing expenses.