Sentences with phrase «remainder of one's mortgage»

If most of the rates above are higher than your original mortgage rate, then a cash - out refinance would mean paying a higher rate on your entire balance for the full remainder of your mortgage term.

In return, the investor would be required to pay off the remainder of the mortgage, if there is one, and thereby eliminate the homeowners» monthly payments and free up that money for the homeowners to make other investments.

Beyond that, Milstein said the remainder of mortgage settlement money should go toward helping the homeless, including through a New York / New York IV program that would spend $ 183 million to fund 5,000 new supportive housing units across the state.

Let Secure Start help ease your worries by providing a life insurance product that pays the remainder of your mortgage — up to a maximum of $ 500,000.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

The money from your home sale will be used to pay off the remainder of your mortgage, your real estate agent's commission and any other fees.

If they don't pay the bill, and the house is damaged again while uninsured, they could lose the remainder of their mortgage amount.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off the remainder of your mortgage.

I want to pay the remainder of my mortgage loan with New Hampshire Housing.

Then years later you can decide whether to pay the remainder of your mortgage, top up retirement income, or pay the tutition when your child (ren) unexpectedly get accepted to Harvard or decide to pursue a PhD.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

To ensure they aren't on the hook for their mortgage in retirement, in two years the couple will start putting $ 1,050 biweekly into an unregistered account that will eventually be used to pay off the remainder of their mortgage.

You could also add an additional 15 - year term policy to cover the remainder of your mortgage and both of your children's education.

An ARM typically offers a lower interest rate than a fixed rate mortgage for the first several years and then adjusts annually for the remainder of your mortgage term.

3) Would I rather take the difference saved by buying a slightly used car and put it towards my children's college savings or pay off the remainder of our mortgage balance?

An ARM loan typically offers you an attractive interest rate for the first several years of your loan, then it adjusts annually for the remainder of your mortgage term.

They do not have to put the proceeds toward paying down the remainder of the mortgage (but can do so if they like).

This gives you immediate payback: instead of getting income from a bond, you save by having smaller mortgage payment for the remainder of your mortgage year.

In total, they spent about $ 150k on attorneys (Money that they did not have; both of them took out loans to pay for the process), and now are saddled with the remainder of the mortgage on their house, car payments, and huge loans from the divorce.

They do not have to put the proceeds toward paying down the remainder of the mortgage (but can do so if they like).

If something should happen to you, the remainder of the mortgage would be paid off, leaving your family with a home to live in.

For example, your home is an asset, but the remainder of your mortgage is a liability.

If you can't pay off the remainder of your mortgage due to death or disability, an insurer steps in to pay off the remaining debt.

Its purpose is to pay off the remainder of your mortgage if you or your spouse should die.

You could also add an additional 15 - year term policy to cover the remainder of your mortgage and both of your children's education.

While those without children may only need enough insurance to cover final expenses, those with young children may want to provide enough to cover the remainder of their mortgage and ensure that their children will be able to afford to go to college.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

If you and your spouse decided to take advantage of the great interest rates by taking out a loan for a house, your death benefit should include the remainder of the mortgage as well as any other debt in your name.

The amount needed to do the repairs, pay off the remainder of the mortgage after the sale price, and get the deal closed was the exact amount of my commission.

You will relinquish your keys and your property title, and you will receive a check for the remaining balance after the remainder of your mortgage is paid to your bank.

A lower interest rate can save you a substantial amount over the remainder of your mortgage term.

Give my friend X number of dollars each month for the remainder of the mortgage (apx 28 out of 30 more years).

I want to pay the remainder of my mortgage loan with New Hampshire Housing.