Sentences with phrase «term on your existing mortgage»

A) Keep your current remaining term on your existing mortgage.

Loan modifications typically involve a reduction in the principal balance, the mortgage lender changing the terms on an existing mortgage, the lender granting an extension of the of the terms or otherwise changing the terms without refinancing.

Not exact matches

Blend and extend your mortgage rate — blend the rate on your existing mortgage with the rate of the extended term.

That depends on the terms of your existing mortgage.

Mortgage refinancing, in simple layman terms, refers to the process of obtaining a new secured loan to repay an existing mortgage loan on the same pMortgage refinancing, in simple layman terms, refers to the process of obtaining a new secured loan to repay an existing mortgage loan on the same pmortgage loan on the same property.

We can review your current credit score, the terms of your existing mortgage, and review options for other loan programs that could not only reduce your monthly payment, but also save you money on interest fees paid over the life of the loan.

This short - term funding provides big and smaller lenders with liquidity so they can focus on making more mortgages while selling existing ones on the secondary market.

If borrowers have gone through a modification where the payment wasn't brought current by the existing lien holder they can be eligible for this program if (1) the modification was made under the terms of the Making Home Affordable Modification Program (HAMP), the loan may close the month following the date the modification was permanent or (2) the modification was a non-HAMP modification, the borrower must have made three monthly payments on time and the modified mortgage must be current for the month due

«While FHA will retain its standard rate - and - term refinance program for borrowers who are current on their existing mortgages, the FHASecure program under which FHA was able to insure refinance transactions for borrows delinquent on their mortgages, will terminate on December 31, 2008, as per FHA's initial guidance.

Apex can review your current credit score, evaluate the terms of your existing mortgage, and provide options for other loan programs that could not only reduce your monthly payment, but also save you money on interest fees paid over the life of the loan.

$ 500.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO fixed or variable rate mortgage of $ 100,000.00 - $ 249,999.99 with a closed term of four (4) years or longer and a maximum twenty - five (25) year amortization period («BMO Mortgage») before or on October 31mortgage from another financial institution into a new BMO fixed or variable rate mortgage of $ 100,000.00 - $ 249,999.99 with a closed term of four (4) years or longer and a maximum twenty - five (25) year amortization period («BMO Mortgage») before or on October 31mortgage of $ 100,000.00 - $ 249,999.99 with a closed term of four (4) years or longer and a maximum twenty - five (25) year amortization period («BMO Mortgage») before or on October 31Mortgage») before or on October 31st 2017;

* Average monthly savings claim is based on a review of New American Funding funded rate & term refinance loan customers from Jan 2017 thru Sept 2017 using a comparison of existing mortgage payments to mortgage payments on new mortgage loan received by the consumer.

«The IRD amount is calculated on the amount being prepaid using an interest rate equal to the difference between your existing mortgage interest rate and the interest rate that we can now charge when re-lending the funds for the remaining term of the mortgage.»

He will owe roughly $ 1,005,000 on the remaining mortgage balance and his existing 30 year term policy has him protected.

I don't necessarily think the interest rates is too high since the seller is willing to do terms, but like @Joshua D. stated, I don't see how the numbers would work based on the existing mortgage.