Sentences with phrase «told by the mortgage»

We were told by the mortgage broker that we could «afford» a lot bigger note than what we wanted.

Needless to say, it can come as a shock when you think you have a 640 credit score, only to be told by a mortgage lender that it's actually 615.

There are many instances where a Seller will say no to closing cost concessions and in that case a Buyer who is told by a mortgage lender that they will need very little money at closing because a Seller will pay the Buyers Closing Costs and Pre-paids, the Buyer gets very upset and it throws real estate deals in jeopardy.

Not exact matches

«History tells us, and political analysis tells us, that no government can stand aside while the financial market is being brought down by the collapse of the mortgage market,» he said.

In early 2004, as American house prices roared higher and there came dire warnings from some quarters about the existence of a bubble — accompanied, of course, by strident denials from banks, most economists and the mortgage and real estate industries — Ben Bernanke (then still a governor before he became Fed chairman) addressed the problem of what to tell the American people.

As part of the settlement, New York - based Goldman agreed to a list of facts put together by the DoJ that stated Goldman had misled investors about the mortgage - backed securities while knowing that the repackaged loans were indeed riskier than what they had told investors.

Mortgage rates have been going down for over 35 + years as you can tell by the chart.

Ask J. Keith Baker, mortgage banking professor at Irving, Texas - based North Lake College, and he'll tell you the 30 - year rate may rise by at least a half percentage point by mid-year, taking us to around 4.50 percent, on average.

By this point, nearly all who had invested in these packages of mortgages could not tell which of them held the highest number of rotting oranges in their sack.

Equally remarkably, when Harold Macmillan as new prime minister in July 1957 told the British people that they had «never had it so good», the size of the government debt at that time was 120 % of GDP, far far higher than the debt ratio of about 70 % in 2010 when Gordon Brown was accused of mortgaging Britain's future by profligacy.

I was told by a friend who is mortgage - savvy that a government - backed loan might be the best option for me, given my situation.

My main point, though, was that you're not going to «save» all the money you're spending on rent by getting a mortgage, even if J Random Real Estate agent tells you it will.

As best I can tell, the $ 12.9 billion figure the Times mentions is a reference to $ 13.9 billion worth of mortgage bonds (CDOs) discussed in the report that were once guaranteed by Goldman and that wound up in a government sponsored AIG rescue vehicle called Maiden Lane III.

Ask J. Keith Baker, mortgage banking professor at Irving, Texas - based North Lake College, and he'll tell you the 30 - year rate may rise by at least a half percentage point by mid-year, taking us to around 4.50 percent, on average.

Many first time buyers are told by their friends, family members, their Real Estate Agent, or even read online about a mortgage program they think is good for them.

Your lender is obligated by law to tell you at closing how long it will take for you to sufficiently pay down your loan in order to cancel mortgage insurance.

I contacted my mortgage company two years ago about dropping my PMI mortgage insurance and was told by the lender that my FHA loan didn't qualify because it was taken out before the law was effective.

«These collection companies tell people to pay their tax debts by liquidating retirement accounts, taking out second mortgages, and paying with credit cards, which is all bad advice,» says Paladini.

Participants and Influencers throughout the mortgage ecosystem have been told by the three main US credit bureaus through their jointly owned and controlled credit scoring firm, VantageScore, that the VantageScore can enable millions more consumers to gain access to a mortgage.

The way to tell if you're saving enough is by calculating your «break - even point» — how long it will take your savings from a lower mortgage rate to exceed your closing costs.

This graph quickly tells you by how much a monthly payment will change, depending on the amount financed, due to a one - half percentage point increase in the 30 - year fixed mortgage rate.

This form tells you how much you paid in interest the previous year, including prepaid «points» of interest, and may include other useful information, such as how much you paid for mortgage insurance and any property taxes paid by the mortgage company — both of which may also be deductible.

We were told that we will not be required to pay anything extra (considering the additional $ 50K) other than our original accelerated mortgage payment and we still benefit by gettin the net distribution.

I am (65 + years old) and am looking to buy a retirement home (for $ 230,000 with a 20 % deposit) but do not have sufficient income to support both mortgages — I was told by a banker.

«It is a surprising finding, and it suggests that they're still fairly intimidated by the mortgage transaction,» Richard Cordray, head of the government bureau, told NPR.

While true Loan Officers at banks, credit unions, and mortgage companies owned by banks and credit unions are NOT required to have a personal license, and many will tell you if you ask about their background how they are not required to have a license.

I can tell you that the mortgage industry is run by NUMBERS.

It has told Congress that «a key component of FHA reform is the ability of FHA to offer fair and equitable mortgage insurance premium structures that are commensurate with the risk presented by the loans insured.

Went to apply for a mortgage and was told that lenders go by the FICO (850) score and not the Vantage (990) score.

A good loan officer can tell you what you could expect to save (or not save) by refinancing to a new mortgage and how long it will take to recoup the costs.

At HomeBridge, our reverse mortgage lenders will be able to tell if you're delinquent by reviewing your credit report.

we were told by the guy who does our mortgage that we have to wait until the home is valued at 350 - 360 before we can refi... this does nt seem to make sense to me that our home would have to go up in value by more than 60k before we can refi... does this make sense?

George Brenkert, a professor of business ethics at Georgetown University, told The Wall Street Journal a couple years ago that people have a moral responsibility to pay their mortgages, and the Mortgage Bankers Association's CEO made the same case: «What about the message they will send to their family and their kids and their friends by defaulting?»

I strongly suspect that most laypeople deal with this by picking whatever looks the most attractive from a relatively simple perspective (probably a combination of APR and set up fees), like the comparison sites do, or by doing whatever the mortgage advisor in their bank tells them is the best option.

Closing and opening credit can drop scores so avoid these two actions unless told otherwise by your mortgage or credit professional.

Powered by a team of writers at Movement Mortgage, one of the fastest growing mortgage lenders in the U.S., this blog aims to tell compelling stories, provide home buying tips and best practices and advance Movement's mission to love and valueMortgage, one of the fastest growing mortgage lenders in the U.S., this blog aims to tell compelling stories, provide home buying tips and best practices and advance Movement's mission to love and valuemortgage lenders in the U.S., this blog aims to tell compelling stories, provide home buying tips and best practices and advance Movement's mission to love and value people.

We were told by the executor that we won't be able to have the house because we would have to qualify for a mortgage loan and that we would have to also pay everyone else if they contest to the will and pay her as well for her share.

OUr mortgage broker told us to get a detailed estimate and to find out if our current plans are permittable by our town, before we can do anything.

We were told by the sellers realtor that the second mortgage approval will take 5 - 10 business days.

A reaffirmation agreement is an agreement whereby you're telling the lender and the bankruptcy court that you intend to assume responsibility of the account such as an auto loan or home mortgage by maintaining future payments on the account.

The story is told by Richard Bitner, who founded his own subprime mortgage company right as the industry was taking off.

Many hosts tell us that they can pay for a years mortgage by renting their accommodation during Edinburgh festival alone.

The global warming hysteria scenario is more like this: The weatherman tells me that there's an 80 % chance of massive flooding by my house on Saturday where it never floods and I take out a mortgage on my house to have a levy built around my house.

It's the equivalent of paying off a home mortgage and is not even dischargeable in bankruptcy (at least that is what I am told by those who practice in the area).

I was told that a home can be sold by children with in 30 days or the home goes to the mortgage company.

Know Your Rights By law, your lender must tell you at closing how many years and months it will take you to pay down your loan sufficiently to cancel mortgage insurance.

The 2 condos together definitely would meet most minimum thresholds, but I was told by 2 credit unions that each unit would need a separate mortgage (no blankets) which brings me back to my original problem.

RM: Home prices are on the rise, the Federal Housing Finance Agency tells us, and maximum loan limits for the mortgages acquired by Fannie and Freddie will increase next year for the first time since 2006.

He wisely told me that if I lost my job I could still afford to pay a mortgage if half of it is being paid by someone else.

An effort is under way in the Senate to renew legislation that spares underwater homeowners from having to pay income tax on mortgage debt forgiven by a lender, one of the chief supporters of the tax - relief provision told a group of politically active REALTORS ® during NAR's Federal Policy Conference in Washington.