Sentences with phrase «than the loan value»

If you're currently making payments on a car that's worth less than the loan value, you're going to have a hard time convincing a lender to agree to an auto loan refinance.

The businessman, who recently entered the marijuana cultivation business, offered collateral that appeared to be worth less than the loan value.

Not exact matches

Previously, the rule only applied to high - ratio loans, in which down payments are less than 10 % of the home's value.

People are not being loaned more than the value of a house and that's the thing that really made things drop in the States.

The value of commercial and industrial loans of less than $ 1 million — a common proxy for small business lending — was 17 percent lower in June of this year than it was at the beginning of the recovery — when measured in inflation adjusted terms.

In general, bridge loans are granted based upon the value of the property that serves as collateral rather than on the credit score of the borrower.

Lenders charge more for loans on condo units because their value depends on more than just the borrower's financials.

The lender won't loan you more than the appraised value of the home, so if this happens, you have a few options:

By definition, cash - out mortgages increase your loan to value ratio, which means that a lender will view the new mortgage as a riskier proposition than a smaller mortgage loan.

Underwater mortgages are loans that are higher than the actual market value of the property they are financing, and Chicago has the highest percentage of them among major metropolitan areas in the U.S..

You'll also want to have a maximum loan - to - value ratio of 80 %, and your debt - to - income ratio must be equal to or less than 36 % of your monthly gross income.

It's tough to overstate how much analysts turned on the company, and Xiaomi ran its operations on loans rather than seek more venture capital, which might have risked cutting its value.

Nevertheless, traditional lenders are likely to weight the value of your personal score more heavily than many online lenders do, so if you have an otherwise healthy business and can demonstrate that your business has the cash flow to make timely loan payments, it is possible to qualify for a loan with a less - than - perfect personal credit score.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Rates on cash - out refinances generally will be slightly higher, 25 to 75 basis points, than the rate on a purchase mortgage with a similar loan - to - value ratio.

For homeowners who owe more on their mortgage than their house is worth, or whose mortgage amount is more than 80 % of their home value, HARP provides a way to switch into a more affordable loan.

Negative equity borrowers often achieved high loan - to - value ratios with subordinate liens in addition to their first lien and had higher than average debt - to - income ratios.

That is where there is a margin call for payment because the value of shares is less than what person owes on them because of a loan with a margin between...

(As an aside, equilibrium means «no tendency to change,» fiat means deriving its value from law rather than some underlying commodity backing, and fractional reserve means that banks hold only a fraction of deposits on reserve, loaning the rest out.).

The displayed rates and APRs assume a loan amount of $ 260,000, an owner occupied single family detached home located in Pennsylvania, first time usage of VA eligibility, a loan - to - value ratio of less than 80 %, a credit score of at least 740, and a debt - to - income ratio of less than 50 %.

For borrowers who reported a remaining term of more than 25 years on their existing loans, savings values are calculated based on 25 years worth of payments.

Generally speaking, a loan that accounts for more than 80 % of the home's value will require PMI coverage.

In other words, it's required when a single loan accounts for more than 80 % of the appraised property value.

Generally speaking, mortgage insurance is required whenever the loan - to - value (LTV) ratio is more than 80 %.

If your loan accounts for more than 80 % of the property value, as determined by an appraiser, you will probably have to pay some form of insurance in order to close.

Additionally, a full 70 % discuss ways to fund their child's college education and more than half (52 %) talk about financial products that offer low / no interest loans against its cash value.

For instance, a homeowner with a 680 credit score and a loan - to - value of 80 % will pay 1.75 % more in fees than an applicant with a 740 score at 60 % LTV.

Speaking of a system bulging with debt protruding from every crevice, Jim Quinn's Burning Platform featured a must - read article yesterday in which the author has discovered that the Loan - To - Value Ratio on Fannie Mae - issued mortgages is now at its highest level in history — nearly 10 % higher than at the peak of housing bubble 1.0:

When a mortgage loan accounts for more than 80 % of the home value, the borrower is usually required to pay mortgage insurance.

That's because, as Bloomberg Economist David Powell recently pointed out, the 191 billion euros of new loans are less than the value of bank debt scheduled to come due this quarter alone.

It allows them to avoid the extra cost of mortgage insurance, which is usually required on loans that account for more than 80 % of the home value.

When it's required: Private mortgage insurance is typically required when borrowers take out a loan that accounts for more than 80 % of the home's value.

The aggregate book value of those loans is less than $ 70 million.

With mortgage providers offering mortgages with an LTV (loan to value) ratio of not more than 80 to 85 percent, the hurdle of needing to accumulate a saved lump sum before becoming a property owner would be drastically reduced.

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

Unlike PMI, the private mortgage insurance you'd pay with most conventional loans, MIP never goes away, even after you pay your loan balance down to less than 80 percent of the home value.

We also allow customers to enter loan amounts higher than their home value, so they can see possible HARP loan quotes (and call our loan officers for more information about qualifying).

In today's market, conventional mortgages account for more than half of all mortgage loans made; and, according to conventional mortgage guidelines, PMI is required when a borrower's loan - to - value is above 80 % (excepting for the HARP mortgage refinance).

The lender's maximum loan amount is based on appraised value if it is lower than the purchase price.

Prices rising faster than loans in Sydney and Melbourne are pushing banks» loan - to - value (LVR) ratios lower, figures from credit bureau Equifax and property data provider CoreLogic show.

Your rate is calculated based on a variety of factors, including credit qualifications, loan - to - value, line loan amount and other criteria, but generally may be higher than a conventional loan interest rates.

Over the past three months, the value of total loan approvals has risen by 12 per cent to be 31 per cent higher than a year earlier.

Whenever you need a mortgage loan that is greater than 76 % to 90 % of the current market appraised value of your home it is considered a high ratio or insured mortgage.

The value of loan approvals in January and February was 23 per cent higher than a year ago.

What top hedge funds have been buying [Hedge Fund Wisdom] Free e-book on Texas HoldEm Investing [Texas Hold Em Investing] Latest letter from Greenstone Value Opportunity Fund [Distressed Debt Investing] Citigroup (C) offers attractive risk - reward [Greg Speicher] Video: How Berkowitz got comfortable with Citi [Morningstar] Summary of a recent talk with SAC Capital's Steven Cohen [Dealbook] How Stevie Cohen changed my life [James Altucher] Hedge funds buying more municipal bonds [CNBC] Sum of the parts valuation of Yahoo (YHOO)[Minyanville] Buffett says pricing power more important than good management [Bloomberg] Passport Capital sees oil prices holding up [WSJ] Bank loan funds drawing interest [InvestmentNews] For more great links, scroll through this linkfest [AbnormalReturns]

In addition, if home values decline and you owe more on your home than it's worth, a home equity loan isn't an option.

Finally, rather than falling, if the value of loan approvals was to grow by 2 per cent per month from the November 2003 level until the end of 2004, housing credit growth would be expected to remain at around its current rate of close to 25 per cent.

Also, going to court over such a small amount of money might cost more in administration and fees than the value of the loan.

But now, Fannie Mae and Freddie Mac both offer 97 % loan - to - value products; that means a 3 % down payment option — even lower than FHA — for qualified buyers.

If the loan is for more than the fair market value of your home (i.e., if your mortgage is underwater), then the loan amount that is over the fair market value counts as a liability under the net worth test.