Sentences with phrase «retain ownership of your home»

The loan lets you retain the ownership of your home side by side increasing your financial conditions.

With a reverse mortgage, you can take advantage of the equity in your home through cash payments while retaining ownership of your home.

The FHA has programs that can help you retain ownership of your home in times of crisis.

«Some program participants mistakenly infer from this language that a borrower (or the borrower's estate) could pay off the loan balance of a HECM for the lesser of the mortgage balance or the appraised value of the property while retaining ownership of the home.

In this case, the borrower is not required to pay back the reverse loan until the home is sold, vacated, or the owner passes away; and the homeowner still retains ownership of the home.

When this happens, the heirs or estate - holders must pay back the loan in order to retain ownership of the home.

Retaining ownership of a home that is large or expensive to maintain can rapidly eat through your assets.

Note: If you currently own a residential investment or vacation home and you intend to retain ownership of the home, you will not qualify for SONYMA financing.

As long as you continue to honor loan terms as promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your home.

Not exact matches

Your home is your most valuable asset and you should always do all you possibly can to retain ownership of it and avoid foreclosure.

When a person buys a home and finances the purchase with a mortgage, the lender rarely retains ownership of the mortgage.

As a condition of sale or placement, the breeder (s) should retain the right of first refusal should the purchaser ever decide to transfer ownership, thereby giving the seller every opportunity to help the purchaser find a new home for the dog if necessary.

If necessary, a judge can make all of the decisions for a couple, including which person will live in the family home or retain ownership of a vehicle.

In child custody cases where primary residential custody is awarded, that parent often will retain ownership of the family home to ease the transition for the child.

The other way CHT keeps the homes permanently affordable is to own the land under every home that enters the trust — all part of the grant agreement with the original buyer — and to retain ownership with every future sale.

4 You will retain the title and ownership during the life of the loan, and you can sell your home at any time (at which time the loan becomes due).

On the surface, doubling the standard deduction and retaining MID might seem to put more money into the pockets of many middle - income households without compromising the federal government's historic commitment to home ownership.

The borrower continues to retain title to their home, the lender is a lienholder, but does not take ownership of the home.

Important Disclosures: 1 You will retain the title and ownership during the life of the loan, and you can sell your home at any time (at which time the loan becomes due).