Sentences with phrase «to secure a mortgage»

"To secure a mortgage" means to obtain a loan from a bank or lending institution to help finance the purchase of a property, usually a house. Full definition
Another tip to improving the chances of securing a mortgage loan with bad credit is to make a larger down payment.
This helps in securing mortgage approval because the monthly repayment sum is lower.
They are also more willing to ignore credit scores, so the chances of securing mortgage loan approval, even with a very bad credit history, is much easier.
The marketplace reality is that refinancing levels are likely to fall as mortgage rates rise, especially today when many have already secured mortgages with very low interest rates.
If you're fresh out of school and into the workplace, you might not be able to secure a mortgage for a year or two.
But for bad credit borrowers, the challenge is in securing mortgage approval with poor credit ratings.
Luckily, I had secured a mortgage on the hotels before the price drop.
• The property securing the mortgage loan was the borrower's primary residence.
However, nearly half of all respondents believe it will be easier to secure mortgage financing as 2014 comes to a close, a 2 - point gain over the first quarter.
The intended result is that it has become more difficult for the average buyer to secure a mortgage from traditional institutions.
Your credit score plays a significant role when securing a mortgage as it helps lenders determine the likelihood that you'll repay future debts.
It's fair to say that some sellers prefer buyers who have secured a mortgage as it is fair evidence that the buyer has a sound financial history and is serious about their purchase.
Families that might prefer to buy their own homes often still can not secure mortgage loans and are renting single - family houses to live in instead.
The buyer must pay the down payment from his / her own funds or other eligible sources before securing a mortgage.
What issues may arise in securing a mortgage because of our age?
The purchase of a home securing a mortgage will create the need to payoff the debt.
For most people, buying a home means securing a mortgage.
The marketplace reality is that refinancing levels are likely to fall as mortgage rates rise, especially today when many have already secured mortgages with very low interest rates.
Essentially, there isn't usually much opportunity to secure a mortgage rate that drastically beats the market.
The loans are aimed at homeowners trying to secure mortgage modifications which may be stalled because of small outstanding debts like back taxes or delinquent second mortgages.
We make the process of securing a mortgage simple and straightforward by offering you the latest financial tools that enable you to make sound financial choices.
Lower monthly payments make securing mortgage approval more likely, with less trouble anticipated in making the repayments.
Depending on lender specifications, applicants must secure mortgage insurance.
Anyone who has ever looked into securing a mortgage knows there are many different types of loans out there.
It's important to note that, just because you can manage to secure a mortgage doesn't necessarily mean that you should.
REITs may be affected by changes in the real estate markets generally as well as changes in the values of the properties owned by the REIT or securing the mortgages owned by the REIT.
The difference in monthly repayments can be a few hundred dollars, so securing mortgage approval becomes more likely.
But keeping the market is not the only reason why securing mortgage approval with less than perfect credit ratings is possible.
Your lender can let you know what steps you need to take to be able to successfully secure a mortgage with their company.
Building a credit score worthy of securing a mortgage takes time, so the earlier you get started, the better off you will be.
Having a high credit score not only will secure you a mortgage quickly, but one with very competitive rates.
The debt had been used to buy, build, or substantially improve your principal residence, and the residence secured the mortgage.
Private mortgage lenders will rarely consider your credit rating; rather they will put their focus on the value of the existing secured mortgage and the estimated selling price.
Even after securing a mortgage and buying a home, the borrower can be subject to extra fees and penalties.
Of course, if your spouse has a poor credit profile or a lot of student loan debt, it may impact your ability to jointly secure a mortgage.
Private lenders often engage the assistance of mortgage brokers or trust companies in securing a mortgage investment.
There are many potential solutions for you in securing mortgage life insurance.
They're now profitable again and securing mortgages around the country.
So if you are looking to save a few dollars by waiting for home prices to drop, you could miss your window to secure a mortgage entirely.
It's an open secret that Canadian homebuyers can secure mortgages on the cheap these days.
It protects the lender against the loss of the property securing your mortgage.
There are debt servicing guidelines you must meet in order to secure mortgage financing.
A term of 25 or 30 years is normal when securing mortgage approval but mortgage providers are willing to extend the term to 35 or 40 years to make the repayments affordable.
But can securing a mortgage loan work as seamlessly?
The buyer must pay the down payment for his / her funds or other available sources before securing a mortgage.
If you're a first - time home buyer looking to purchase your first piece of real estate, don't wait to secure your mortgage rate.
We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
The result is to make securing mortgage approval easier.
The purchase of a home securing a mortgage will create the need to payoff the debt.
This is where a family member gets involved in the application for financing to support the buyer in securing a mortgage.
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