If there is not enough equity in the home to pay off the existing mortgage, you will be required to use
your personal liquid assets to satisfy the difference.
That figure represented almost 10 per cent of the total value of overall
personal liquid assets in Canada.
Not exact matches
Business
assets on the line for large loans: Lending Club requires a UCC - 1 lien on loans over $ 100,000, which includes your business's
liquid assets such as inventory, cash and accounts receivable, but not real estate or your
personal property, according to the company.
With Wealthsimple, their algorithm will invest in
liquid assets at the most optimal situation for your
personal financial profile.
Loans secured against
personal assets, such as a 401k account retirement or other
liquid asset are not considered in the debt ratio.
Just like
Personal CDs, IRA CDs provide a conservative approach to retirement savings, generating consistent income with
liquid assets.
In determining whether a defendant has substantial
liquid assets, the judge shall not consider up to Ten Thousand Dollars ($ 10,000.00) in tangible
personal property, including motor vehicles, household goods, or any other
assets exempted from seizure under execution or attachment as provided under Section 85 -3-1.
Liquid Net Worth
Liquid Net Worth is your net worth minus
assets that may not be easily converted to cash such as the value of real estate,
personal property, automobile (s), or business interests.
The
assets your home liability insurance is designed to protect includes everything from your
liquid assets, such as your checking and savings accounts, to your investments and retirement accounts, your valuable
personal property, your home and any other properties such as a vacation home.
Any money in the cash value account is considered a
liquid asset for business purposes, but may also be a
personal asset when doing estate planning.
They'll likely be required to show extra
personal financial reserves, which are accessible
liquid assets available to withdraw from after their mortgage closes.