Sentences with phrase «than traditional mortgages»

FHA loans are more expensive than traditional mortgages.

The interest rates for reverse mortgages are also higher than traditional mortgages.

Getting sales closed today might require buyers to look at options other than traditional mortgages.

The interest rate on reverse mortgage solutions is generally lower than traditional mortgages and home equity loans.

Bad credit mortgages are riskier and have higher interest rates than traditional mortgages.

Given that this type of investment is considered to be higher risk than owner live - in properties, the process is traditionally more complex, and possibly higher cost than traditional mortgages, but recently regulations and new products have opened new doors for people looking to fulfill their dreams.

These borrowers are associated with a higher risk of defaulting on their loan payments or on the loan as a whole, and to offset that risk they will be charged much higher interest rates than traditional mortgages.

Direct lending in Peoria is much easier to qualify for than traditional mortgages.

However, mortgage insurance fees (otherwise known as premiums) are often lower for HomeReady ® mortgages than traditional mortgages.

HELOCs are adjustable - rate mortgages which function more like a credit card than a traditional mortgage.

Quicken's Rocket Mortgage is designed to make the application and approval process much faster than traditional mortgage underwriting, which makes it a better choice if you need to finance your purchase as quickly as possible.

Quicken's online resources and tools also make it a great choice for borrowers interested in an application that's more convenient and on - demand than traditional mortgage lending.

You are much more likely to qualify for a hard money loan than a traditional mortgage.

While the rate is higher than a traditional mortgage, it is going to be much lower than credit cards and non-traditional loans.

They are also easier to qualify for and faster to fund than a traditional mortgage.

Keep in mind that bad credit mortgages may cost you more than traditional mortgage refinance or home loans.

HELOCs are adjustable - rate mortgages which function more like a credit card than a traditional mortgage.

FHA Loans can offer much better loan terms than traditional mortgage loans because the loans are guaranteed by the federal government, so there is almost no risk involved.

Even people who are skeptical of online home lending may find Quicken easier to work with than a traditional mortgage lender.

The HECM for purchase requires a larger down payment than a traditional mortgage, but monthly mortgage payments won't be required.

Both often have a shorter repayment period than a traditional mortgage.

The rates are typically higher than a traditional mortgage.

Buying a home from a landlord can be one solution, with the owner financing the loan, though usually at a higher interest rate than a traditional mortgage.

The difference between the two is that a commercial loan appraisal can take up to 30 days longer than a traditional mortgage appraisal.

Qualifying for the HECM for Purchase also can be easier than a traditional mortgage.

While rates for bridge loans are often much higher than traditional mortgage rates, this type of financing is flexible and can help you straddle the financial leap from your current home to your new home.

According to the new study, in a perfect world, an option ARM works more efficiently than any traditional mortgage.

Typically we see these programs run with at least a 2 % higher interest rate than traditional mortgage loans.

People think they are somehow less legitimate than a traditional mortgage or that they are detrimental to homeowners.

Sure, if I am paying a bit higher rate to M1 then they are getting that, however, over the course of the year my total interest paid is going to be less than a traditional mortgage.

The costs associated with a reverse mortgage are generally higher than a traditional mortgage and can include an origination fee, closing costs, and servicing fees over the life of the mortgage.

This would be so much better than the traditional mortgage I was thinking of getting soon.

That program is aimed at certain members of the community including teachers and firefighters; and which may offer more flexible underwriting standards than a traditional mortgage program.

It allows greater flexibility than traditional mortgage life insurance.

The program comes with more flexibility than a traditional mortgage.

Rates and terms are going to be somewhat less favorable than a traditional mortgage.

Rebuilding can require a building loan for the construction of the new house, and these can have a higher interest rate than a traditional mortgage.

The downsides: It's a mortgage that can be foreclosed if you stop paying, and after the initial term runs out, you will have to pay back all of the outstanding money — with amortized interest within a shorter period than a traditional mortgage.

Not exact matches

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

Generally, though, it's harder to qualify for a traditional mortgage than other types of commercial real estate loans.

Individuals seeking a mortgage loan should consider factors or circumstances that may make a mortgage lender a better choice than a traditional bank.

Waiting to save enough to buy a house before retiring is no different than a traditional retiree trying to pay off a mortgage before retirement.

The point is that they are much riskier than a traditional fixed - rate mortgage loan, where the borrower chips away at the principal from day one.

Even the indie authors who only make enough to pay the electric bill (but not the mortgage) are making more money than the vast majority of authors who pursue the traditional path.

More important — you'll pay less than half the total interest cost of the traditional 30 - year mortgage.

Due to the increased risk associated with fluctuating payments, 5/1 ARMS usually have lower introductory interest rates than traditional 30 - year fixed - rate mortgages.

The point is that they are much riskier than a traditional fixed - rate mortgage loan, where the borrower chips away at the principal from day one.

With a hard money loan in your possession, purchasing property in Santa Rosa and its neighboring communities will be much easier than it would with a traditional mortgage.

An adjustable - rate mortgage — usually referred to as an ARM — is a more complicated financial instrument than is the traditional fixed - rate mortgage loan.

Not only were Quicken's interest rates better for Virginia, its loan fees were lower than quotes obtained from more traditional bank - based mortgage lenders.