Sentences with phrase «second lien on»

(v) The amount of any loan secured by a second lien on the property that will be paid off as part of the real estate closing, labeled «Payoff of First Mortgage Loan»;

We now have a second lien on the property which will still be in place next month when we finish paying off the first loan.

Regardless of the name, the loan is characterized by a second lien on your home.

There is no second lien on the property.

Additional collateral requirements: First or second lien on the subject property.

Even if there is a second lien on your home, you could qualify for a refinance.

Fortunately, there are some companies that are willing to place a second lien on your title.

Here's how: Many banks hold second liens on the same properties for which Fannie and Freddie either own the first mortgage or have guaranteed.

PCCP also makes stand - alone mezzanine loans, secured by second liens on real estate and by partnership and limited liability company interests.

Not exact matches

But equity loan rates generally are one to two percentage points higher than rates on cash - out refinances because loans are a second lien — rather than a first — against your home.

A HELOC is a second lien or mortgage on your property.

An equity loan is a second lien or mortgage on your property.

First, RadioShack was party to a $ 585 million 2013 asset - based credit facility secured by a first priority lien on current assets, and a second priority lien on certain non-current assets (2013 credit agreement).

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

Piggyback mortgages are second - lien mortgages used to «piggyback» off the first - lien mortgage on a home purchase.

Catalyst # 2: De-risking: Continual reduction in structured finance exposures, declining claim payments on second - lien RMBS Catalyst # 3: Reimbursement for claims paid: Fairholme expects MBIA to recover at least half of the gross claims paid to date in a 2012 settlement or all in a 2013 trial.

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

It is possible to help your profiles through paying off the lien, however we have noticed that after liens are paid businesses end up with two listings on their reports one for the date filed and the second for the date released, depending on the bureau.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

A second mortgage is a mortgage lien on your home in addition to your primary mortgage lien (i.e. your first mortgage).

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

In other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the property.

Benefits of Cash - Out Refinances include possibly lower rates and simpler terms since the cash out is provided on the loan in the first lien position on the home, and a second mortgage is not applicable.

The subsequent chapter 13 bankruptcy eliminated the second mortgage lien, effectively wiping out any liability the debtor may have had on the second mortgage outside of his chapter 13 plan payments.

If there is a creditor who holds a second mortgage on a property and has not filed a lien, there is the likelihood that a bankruptcy court will require the creditor to file a proof of claim, and the debt will be treated like an unsecured claim.

Some Chapter 13 debtors are able to strip their second lien, or eliminate it entirely, if the value of the home is less than the amount owed on the first trust deed.

(loan amount 413k) Second lien BoA still waiting on.

A second lien is held on your property in the amount of the advance.

An equity loan is a second lien or mortgage on your property.

Having equity means the market value of your home is greater than the outstanding balance of all liens on the property — that is, your mortgage loan, any second mortgage or home equity loans, plus other liens, such as tax liens or Homeowners Association dues.

Tranches with a higher claim on underlying assets are safer than and senior to junior tranches with a second lien.

Nationwide Mortgage Loans offers second mortgage loans that are secured by a lien on your home.

Consequently, lenders do not discover that they hold a third, fourth, or fifth lien on a property (rather than the expected second lien) until later.

If your current car still has a title loan with a remaining balance, you won't be able to get a second title loan because the lender, whether it be LoanMart or another company, has a lien on the title.

As long as the title on your second vehicle is clear - and - free of any liens or holds, you should be able to use it for a car title loan.

A refinance with cash out is an alternative to a home equity loan, also known as a «second mortgage,» because it's a lien on your home like your existing mortgage.

Whether banks can and will pursue deficiency judgments depends on many factors, including what state the borrower lives in and whether there's a second mortgage or other liens.

If you don't want a lien placed on your business, we would encourage you to consider our second - place winner in this category, SnapCap.

Research You should have a preliminary title search done to determine if there is a second mortgage or any other liens on the property.

The second mortgage takes secondary authority to the first mortgage on the lien to the home.

Your lender may require you to certify that there are no junior liens (such as a second mortgage) on your home.

PS — I had one bond that was a high interest second - lien loan on one of the most valuable buildings in Baltimore.

If there is an existing second mortgage on the property, such as a Home Equity Credit Line, the entire lien must be subordinated at refinance.

Even when a property is resold quickly, or refinanced within a short period of time from the original purchase or most recent refinance, a new title search and title policy are needed because the owner could have taken actions that had an impact on his claim to the title, such as taking out a second mortgage or incurred a lien from unpaid taxes.

Piggyback loans are generally available up to 90 % loan - to - value (LTV) on the purchase price, with the first lien typically comprising 80 % of the price, and the second «piggyback» mortgage comprising 10 % of it.

Here is what should be accomplished in a short sale: Borrower is released from all liens on property in the sale, some payoff may have to be made to first of second lien holder.

Plus, there is a little known provision in chapter 13 that could potentially remove any junior liens that are on your house (e.g., second mortgage, etc.).

The Second Lien Modification Program, in conjunction with HAMP, enables borrowers to lower the payments on the home equity line of credit.

We can even help you find a lender for a second - lien on your vehicle (if it is not currently paid off).

A title loan on a vehicle with an already - active loan would be referred to as a second - lien on the vehicle.