Not exact matches
Most lenders don't allow homeowners to borrow 100 percent
of the
equity in their real property home
values; the
typical amount is limited to around 85 percent.
The big difference with a
typical global market cap portfolio and all McClung's main candidates is their lack
of large cap elements in both US and Intl
equities, much more emphasis on small cap, and large and small cap
value for US and Intl..
Mr. Agrawal also had a distinct idea how he program's success would be measured: not by number
of jobs or startups generated — a
typical yardstick — but
equity value created by CDL companies as they raised money.
• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most
of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is
typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 %
of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start
of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take
equity out
of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 %
of the
value of homes, compared with 55 % in the U.S.
In a
typical pension plan,
equities represent 60 %
of aggregate stock and bond holdings, whereas
value constitutes less than 20 %
of all
equity holdings.6
The interest rate for a
typical home
equity loan needs to take several factors into account: the risks to the lender, the duration
of the loan, the flexibility offered to the borrower, and the amount
of the loan in relation to the amount
of equity available (referred to as the Loan to
Value (LTV).
Home Price Protection ™ helps protect the
value of the
typical family's largest asset: the
equity in their home.