Borrowers
with substantial equity in their home may be eligible to receive additional funds after paying off their mortgage.
In part, this attitude grows out of the absence
of substantial equity that many of these «owners» have in their homes.
Additionally, homeowners could lose
substantial equity from the more than 10 % drop in home values likely to result if the bill is enacted.
This is because regardless of the persons credit history, if they own a home which has
substantial equity then the lending organization is protected when extending the loan.
To qualify for a reverse mortgage the homeowner needs to be 62 years of age or older and needs to have
substantial equity within their home.
Leaving substantial equity (20 - 30 % +) in the hands of sellers might feel warm & fuzzy, but it's no way to execute an acquisition.
Borrowers with
substantial equity in their home may be eligible to receive additional funds after paying off their mortgage.
This lack of long - term compensation is reflected in the minimal share ownership of the top 5 executives; only the CEO (who was hired in a second moment) has any kind of
substantial equity exposure (approx. 1 %), and even that is insignificant compared to the ongoing cash flow from his regular cash compensation.
Re: More generally, I do talk extensively about
holding substantial equities in retirement... and for more on holding an * increasing * amount of equities, follow the «have a read» link.
Elton Ash, regional executive vice-president, Re / Max of Western Canada, says «Existing homeowners cashing in
on substantial equity gains to re-invest in the top end of the market; strong economic performance across the country; and solid consumer confidence levels» are responsible for the boom.
Home equity loans are a popular financing device for new business owners because there's
often substantial equity tied up in a home, and the loans are easy to come by.
The real «fix» on the balance sheet came from a series of
substantial equity raises and getting Husky's «supportive» majority shareholders to take their dividend in the form of shares instead of cash for a year.
Tracinda adviser and former Chrysler executive Jerome York said it would offer the
UAW substantial equity in Chrysler in order to solve the company's rising health care and unfunded pension costs.
There are
substantial equity concerns with this forced feeding of technology - based testing, with substantial concerns that underserved populations such as English learners, students with disabilities, and socio - economic disadvantaged students having less access to technology and thus being at a disadvantage due to the premature forced technology - based testing protocol, thus widening the perceived achievement gap for these students.
Ms. Lewis, executive director of Los Angeles County's Mental Health Commission, said she has built up
substantial equity over the 22 years she has owned the house, which she estimated was worth $ 600,000.
Even if the market turns around years later and you start to
accrue substantial equity in the house, the lien (s) remain eliminated.
The 30 - year fixed - rate mortgage does have slightly higher interest rates than shorter - term loans, must be refinanced to take advantage of declining interest rates, and prevents homeowners from building
substantial equity during the early years of the loan since their payments are initially allocated more towards interest.
They contend that the withdrawal of fiscal stimulus as well as competitive dynamics will sooner or later cause profit margins to revert to the mean,
unmasking substantial equity overvaluation.
If you have
accumulated substantial equity (represents an ownership interest) in your home, then you can utilize your equity to obtain a home equity loan (HEL).
Even if prices have or do drop 10 % or 15 %, many of these homeowners are sitting
on substantial equity,» says Dinani.
Furthemore, since your funds should be lent on properties
with substantial equity from the date of the loan, you should have market safety beyond the mortgage document itself.
The FHA Refinance program is designed to provide an FHA alternative to the commercial products currently being offered to homeowners with
substantial equity in their homes.
Therefore, we see little evidence that the ability of the existing - homeowner segment to bring in
a substantial equity stake in the purchase of a residential property has deteriorated that much over time.»
However, if you have
substantial equity built up in your home, or have paid off your mortgage, the bank may very well foreclose.
With rising values, many rental property owners who were underwater at the start of the decade now have
substantial equity.
It can be a home equity loan, an unsecured personal loan or even an auto loan if you currently have
substantial equity in your vehicle.
At some point you will have built
some substantial equity in your home.
Literally, a Reverse Mortgage, which allows (usually) elderly homeowners who have
a substantial equity to convert the equity into cash.
They've probably already paid off the mortgage and have
substantial equity in the home.
If a borrower had
substantial equity in properties and was breathing, someone would come through with financing.
For those people meeting the 62 - year - old age requirement who have
substantial equity in their homes, this can be a means to expand monthly cash flow or eliminate mortgage payments by paying off an existing mortgage through a federally - insured loan.
Many Americans own a home and have
substantial equity, but at the same time are paying credit card debt at a high interest rate, often near or above 20 %.
If you feel you're limited by not having access to that capital, you could always look to do a refinance if you've got
some substantial equity but are a ways away from paying off the mortgage.
Phrases with «substantial equity»