Sentences with phrase «risk than first mortgages»

Not exact matches

Interest rates for a home equity loan are typically higher than the first mortgage due to the higher risk for the lender.

The interest rate for a second mortgage will be higher than a first mortgage due to the higher level of risk.

Generally second mortgages carry more risk to lenders, and have a higher interest rate than first mortgages.

I fall on the side of paying down the debt other than mortgage debt until you are investing 15 % of your income first for the fact of simplicity and risk.

Please note that second mortgage rates are usually higher than first mortgage rates, because the risk factor for defaults is much greater with 2nd mortgages.

For loans that receive a «refer» risk classification from TOTAL Mortgage Scorecard (TOTAL) and / or are manually underwritten, the homeowner's total monthly mortgage payment, including the first and any subordinate mortgage (s), can not be greater than 31 percent of gross monthly income and total debt, including all recurring debts, can not be greater than 50 percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting, other options should be conMortgage Scorecard (TOTAL) and / or are manually underwritten, the homeowner's total monthly mortgage payment, including the first and any subordinate mortgage (s), can not be greater than 31 percent of gross monthly income and total debt, including all recurring debts, can not be greater than 50 percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting, other options should be conmortgage payment, including the first and any subordinate mortgage (s), can not be greater than 31 percent of gross monthly income and total debt, including all recurring debts, can not be greater than 50 percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting, other options should be conmortgage (s), can not be greater than 31 percent of gross monthly income and total debt, including all recurring debts, can not be greater than 50 percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting, other options should be considered)

1) Start saving early by setting realistic goals 2) Ensure the asset allocation in your portfolio remains in sync with your level of risk aversion and overall investment objectives 3) Keep costs and taxes to a minimum by avoiding most high turnover actively managed mutual funds and opting for tax - deferred savings whenever possible (not only do their investments grow tax - sheltered but for most people their MTR at retirement would be lower than it is during their working years) 4) Balance your portfolio at least annually (some individuals may choose to do so semi-annually) 5) Hammer away at your debt first — for example, when it comes to contributing to an RRSP or TFSA vs. paying down your mortgage, ideally you should do both.

«The 15 life company lenders we work with are getting a better return from commercial real estate loans than from any alternative, at a risk they can manage,» says Tracy Knight, CCIM, a director with First Southern Mortgage Corp. in Nashville.