Sentences with phrase «significant equity in one's home»
For homeowners 62 years and older with significant equity in their homes, a reverse mortgage may be a great way to buy a home.
ocwen.com
If you build significant equity in the home, you will have a larger amount for a down payment should you decide to purchase another home.
For homeowners at least 62 years old with significant equity in their homes, a reverse mortgage may be a smart alternative to refinancing.
Further, US homeowners had extracted significant equity in their homes in the years leading up to the crisis, which they could no longer do once housing prices collapsed.
By the end of Q3 2015, the number of homeowners with significant equity in their homes grew to 74.3 %.
Those with significant equity in their home and insufficient retirement funds could opt to: retire later than originally planned, accept a lower standard of living in retirement, downsize to a less expensive home, or borrow against their home equity to pay bills and fund their retirement.
Refinancing into a conventional mortgage is recommended for homeowners who have significant equity in their home, and for whom the savings from a refinance will greatly outweigh the expense of closing costs and other expenses.
While there are exemptions that allow you to keep assets like most household furnishings, clothing and a car valued at less than $ 6,600, if you have significant equity in your home (beyond the seizure limits set by Ontario exemption laws) or investments, bankruptcy may not be your best option.
Consumers who have significant equity in their homes.
With the rapid rise in the real estate market, you may now find yourself with significant equity in your home, yet you are also carrying high interest unsecured debt.
With the rapid rise in the real estate market, you may now find yourself with significant equity in your home, yet you are also carrying high interest unsecured debt.
Depending upon the amount by which your home's value has appreciated since its purchase you may have significant equity in your home.
The ideal candidate for a reverse mortgage is a homeowner who has significant equity in the home, is older — so that the payments are substantial, and more than enough to meet the owner's financial needs — and one who does not expect to pass the home on to his or her heirs.