Sentences with phrase «sufficient equity in your house»

But, it's fairly simple to get a second mortgage if you've got sufficient equity in your house.

For example, if you have sufficient equity in your house, you could negotiate a $ 20,000 home equity line of credit.

Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the house to meet LTV requirements, and final credit approval.

Not exact matches

Any initiatives focussed purely on first time buyers, without a sufficient increase in house building, could push prices up for entry level properties; particularly if second time movers have low or negative equity.

The Obama administration realized that with the decrease in home values due to the mortgage crisis and the economy, many homeowners do not have sufficient equity built up in their homes to traditionally refinance or restructure their mortgages to their advantage, despite the drop in interest rates that is prevalent right now in the housing market.

Is a three percent down payment or equity position sufficient in the present housing market climate?

My # 1 goal is just getting people in houses to build equity, and having it be self sufficient.

The Federal Housing Administration's Home Equity Conversion Mortgage (HECM) program requires borrowers to be at least 62 years of age and have a sufficient amount of equity in their Equity Conversion Mortgage (HECM) program requires borrowers to be at least 62 years of age and have a sufficient amount of equity in their equity in their homes.

They have a lot of equity in the townhouse, sufficient for a substantial downpayment on a house, but they're short on ready cash.

Sufficient equity: Since you're taking money out of your house, you need a substantial amount of equity in your home to draw from.