Sentences with phrase «substantial amount of equity»

Senior citizens who have substantial amounts of equity in their home can apply for a reverse mortgage.
That's because homeowners — by far the majority of households in Canada — have a substantial amount of equity they can bring to the purchase of a residential property.
Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs.
Available to people who are age 62 or older and have built up a substantial amount of equity in their homes, reverse mortgages allow borrowers to wipe out their mortgage payments and can also serve as a means to generate additional cash flow in retirement.
On the other hand if your income is more bonus or commission based, then the flexibility of a lower monthly payment lets you pay the principle when you want still building a substantial amount of equity.
In hindsight, had I purchased a home when I first graduated college there is a good chance that I would have built up a substantial amount of equity with the run up in home prices over the last few years.
Have A Financial Backup Plan — Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs, or medical bills.
However with today's tighter lending standards, you may not have low documentation type loans available to you without proving a substantial amount of equity in the transaction.
I can see how this could deter anyone from continuing with the process of cashing out with Point but it could be well - worth the cost for you if you own a substantial amount of equity in your home and could really do with the cash.
Lenders also want to see a substantial amount of equity investment in the business.
After years of paying a mortgage, many home owners will have a substantial amount of equity built up but essentially doing nothing.
«What we've found in France and Poland is that buying into a development pipeline can create a substantial amount of equity value,» says Steve Sterrett, Simon's chief financial officer.
This allowed the borrower to pay off the high interest rate construction loan, return a substantial amount of equity in the project, eliminate interest rate risk for the long term, and have the flexibility to sell the property with a nominal pre-payment premium.»
Have A Financial Backup Plan — Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs, or medical bills.
Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs.
Sufficient equity: Since you're taking money out of your house, you need a substantial amount of equity in your home to draw from.
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