Sentences with phrase «required by their homeowners»

But a policyholder who operates a daycare out of their home will likely be required by their homeowners insurance company to purchase an endorsement or a separate commercial policy.

Other gadgets such as Nest work seamlessly with modern energy systems, helping to better use and conserve energy, reducing the amount of maintenance required by the homeowner in order to reach maximum efficiency.

Not exact matches

By receiving a lower interest rate and requiring homeowners to pay no mortgage insurance, HARP can make mortgage payments a lot more affordable.

It protects homeowners by requiring they understand risky mortgage loans.

By requiring homeowners to carry insurance for at least the cost of rebuilding the home, then, the lender and homeowner are both protected from disaster.

By contrast, homeowners who intend to move or refinance within the first few years of the loan may prefer lender - paid MI, which raises the mortgage rate by a small amount, but which requires no separate paymenBy contrast, homeowners who intend to move or refinance within the first few years of the loan may prefer lender - paid MI, which raises the mortgage rate by a small amount, but which requires no separate paymenby a small amount, but which requires no separate payment.

At the Park District «s request, trustees have amended an annexation agreement for Aspen Grove developer Edward Augustin, requiring him to grade, seed, install sidewalks, sewers and water mains for a tot lot in the undeveloped subdivision before occupancy by homeowners.

Former Governor George Pataki's School Tax Relief (STAR) program, passed in 1997 and fully phased in by 2002, actually does reduce most homeowners» tax bills, through the mechanism of sending added aid to school districts that are required to use the money to finance a partial homestead tax exemption.

During the study, the state or its contractor is required to contact potentially affected homeowners or businesses whose properties might be condemned or bypassed by traffic under various construction options.

A new law requires homeowners re-register for the Basic School Tax Relief exemption by December 31.

These homeowners have installed photovoltaic panels on their rooftops with the help of cash incentives and a state law that requires the local electricity provider — APS — to buy any excess power produced by an individual home.

At the same time, many homeowners are also required to have perfect, green lawns or risk being penalized by their Home Owner's Associations (HOAs).

By requiring that the scholarship recipients be the children of homeowners, the program addresses pledges Mr. McDermott made in his campaign.

First time buyers are frequently low on cash, and with recent drops in home values, current homeowners may find that they can not sell their present homes for enough to put down the 10 - to - 20 % typically required by conventional mortgage lenders.

But when housing values tumbled, many lenders froze those home equity lines of credit, still requiring the balance used by homeowners to be repaid.

There will be closing costs associated with HOPE for Homeowners loans; however, they may not be required to be paid out of pocket by the borrower.

A home warranty is not required by the mortgage company the way homeowner's insurance is.

Homeowners insurance is not a legal requirement and there is no local, state or federal statute which makes having homeowners insurance requirHomeowners insurance is not a legal requirement and there is no local, state or federal statute which makes having homeowners insurance requirhomeowners insurance required by law.

Homeowners insurance is not required by law but it is a commonsense measure for property owners who own the title outright and for individuals who currently have an outstanding mortgage to still protect themselves and their investment by purchasing homeowners Homeowners insurance is not required by law but it is a commonsense measure for property owners who own the title outright and for individuals who currently have an outstanding mortgage to still protect themselves and their investment by purchasing homeowners homeowners insurance.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Of course, this does not imply that by being a homeowner you will not be required to meet the usual conditions for approval.

The FHA Streamline Refinance only requires that the homeowner has made on - time payments for the last 6 months; and, that the homeowner receives a «Net Tangible Benefit» — in this case, defined as lowering the «combined rate» by at least one - half of one percent.

Just as you shouldn't assume that a vacation home you own is covered by your homeowners insurance policy on your primary residence, it's important to know that a recreational vehicle usually requires coverage separate from your traditional automobile insurance.

The loan obligations require the borrower to pay for their own homeowners» insurance, property taxes, and maintain their home in accordance with guidelines mandated by the Department of Housing and Urban Development.1 As long as these terms are met; monthly mortgage payments are not required.

Lastly, the article addresses that a reverse mortgage loan may help aging homeowners and their adult children by providing the funds needed to afford in - home care, case manager services, and other required care expenses.

Unlike auto insurance, homeowners insurance is not required by the state you live in.

Most homeowners who have a mortgage are required by their lender to buy homeowners insurance.

How is this the same as a homeowner who has a loan of $ 274K supported by a equity of $ 77K and requiring mortgage payments of $ 1,900 per month?

Homeowners warranty coverage is purely optional and not required by your mortgage lender or anyone else.

While it's not required by law, mortgage companies and mobile home communities often require that homeowners purchase coverage.

After purchasing your home, you may have chosen or been required by your lender to open an escrow account for your property taxes and homeowners insurance.

• The age of the borrower, or of the age of the younger spouse; the older the homeowner, the more money the homeowner is eligible to receive • The appraised value of the property, minus the cost of any health or safety repairs required to bring the home up to code • The lending limits (where applicable); lending limits vary on a county by county basis • Interest rates, which are determined by the U.S. Treasury or LIBOR Index • The payment plan selected by the borrower

Deductible: The amount of cash payment required by an insurance policy that is made by the homeowner to cover a portion of a damage or loss.

This type of insurance is usually required by your mortgage lender and can be included in your homeowner's insurance policy.

Real Estate Settlement Procedures Act (RESPA - 1974) designed to protect prospective homeowners by requiring disclosure by lenders of settlement fees and costs during the lending process.

Additionally, according to the Homeowners Protection Act, lenders are typically required by law to remove mortgage insurance automatically once the loan - to - value ratio reaches 78 %.

An escrow account may be required by your lender to cover future payments for items such as homeowners insurance and property taxes.

Owners of dangerous dogs could face dramatically higher fines and be required to maintain up to $ 1 million in homeowners insurance under proposals the Brevard County Commission will consider today.Spurred by recent dog attacks that nearly killed a woman and injured a child, commissioners asked animal experts to propose new fines and help toughen the county's animal control ordinance.The proposed fee increases target all irresponsible pet owners, from those who fail to vaccinate their pets to owners whose dogs are involved in severe attacks.

Net metering laws require power companies to bank excess credits for solar electricity fed to the utility grid for later use by the homeowner.

c) home owner will maintain themselves, which consists of annual wash to get any dust / droppings off d) doesn't require a discount rate because homeowners generally don't think about «payback» periods for renovations, new kitchens / bathrooms, holidays, new TVs, etc. and in this case they are hedging against future electricity prices by locking in their prices for 20 - 30 years.

Most states» laws require owners of private pools, such as those on a homeowner's land, to erect fencing around a pool to prevent access to the pool by children who have not been invited onto the owner's land and whose presence is unknown to the owner.

In Nevada, business owners, homeowners, and landlords are required by law to take reasonable steps to keep their properties safe for visitors.

Given that homeowners are required by the municipal bylaw to shovel the snow, are they liable for any injuries you suffer should you slip and fall on the sidewalk adjacent to their property?

Homeowners, would be required to deal with the warranty provider chosen, for their home, by the Builder.

In the usual situation of a homeowner with a mortgaged property, the homeowner, as required by standard mortgage terms, obtains and pays for a policy of insurance in his or her name.

The reason that roughly 95 % homeowners have a policy is because they are required to by their mortgage lender.

Homeowners insurance isn't required by the state of Alaska like auto insurance, though if you're paying down a mortgage there's a good chance your mortgage provider won't give you the option to forego it.

In some cases, homeowners insurance policies will cover damages caused by heavy winds, but in many states where wind damage is common, insurance companies may require homeowners to purchase a separate windstorm insurance rider to provide coverage for damages.

If someone owns a home, and has an active mortgage, then chances are they are required by their lender to carry a homeowners insurance policy.

Most homeowners who have a mortgage are required by their lender to buy homeowners insurance.