Sentences with phrase «use accumulated equity»

It may also provide a way for those with limited income to better manage their retirement finances by allowing them to use accumulated equity to cover living expenses.

Not exact matches

The process of paying off one loan with the proceeds from a new loan using the same property as security, usually, for the purpose of obtaining a lower interest rate, converting accumulated equity into cash, or both.

The reverse mortgage specialists at Jersey Mortgage Company in NJ can help you tap into the equity that has accumulated in your home so you can use the funds.

Seniors who have accumulated equity in their home during their income earning years and have no particular concern about leaving the house in their estate are most likely to use a reverse mortgage to fund their retirement living.

If you are currently paying an annual FHA MIP and have accumulated more than 20 percent equity, you can use a streamline refinance to cancel your annual mortgage insurance, though that will require an appraisal as part of the process.

You can maximize the benefits of equity based loans if you use the money for investing or other added value purchases that help you accumulate wealth.

Have you accumulated home equity and find that you could use some cash for remodeling, educational expenses, or debt consolidation?

Also if your goals are near and you have accumulated enough for goal, you can initiate an STP from equities to debit for protecting your corpus using STP.

One of the advantages of home ownership is that you accumulate equity on your property and this equity can be used as collateral in exchange for a loan.

«If you take a Home Equity Conversion Mortgage (HECM)-- the FHA - insured reverse mortgage — and establish a line of credit, and then only draw on it when you have in - home care expenses, the unused line of credit will continue to increase over time and you will only accumulate interest on what you have used.

Again, I will use the amount out of home equity only when equivalent cash is already accumulated, similar to what I did for auto loan.

20 Pro Forma Financial Highlights Sources & Uses Refinance PENN Existing Debt: $ 2.7 billion Pre-spin redemption of Fortress Investment Group Conversion Shares: $ 412 million Pre-spin redemption of other Preferred Equity: $ 253 million (1) Cash portion of the Accumulated E&P Dividend: $ 438 million Transaction Expenses: ~ $ 145 million Total Transaction Debt: $ 3.75 — $ 4.25 billion Key GLPI (REIT) Stats Target Leverage: 5.5 x EBITDA Target Interest Coverage: 3.2 x Target Dividend Payout Ratio: ~ 80 % AFFO less employee option holder dividends Key PNG (OpCo) Stats Target Leverage: 3.0 x EBITDA Implied Adjusted Leverage: 5.6 x EBITDAR Target Rent Coverage: ~ 2.0 x Target Interest Coverage: > 5.0 x Includes $ 22.5 m Preferred Equity redeemed in the first quarter of 2013

That's because most young folks have yet to build up a fat 401 (k), accumulate home equity, or build the kind of savings that could be used to support your family if you were to die.

Columns for: - date - bank account debit - bank account credit - property manager account debit - property manager account credit - rental income (credit)- other income (credit)- one column for each type of expense using the categories that the tax authority uses for tax returns (about 10 of them... all debits)- depreciation (debit)- accumulated depreciation - owner equity (credit)- a check sum column

This is just what it sounds like: a loan that uses all or, more likely, some of your accumulated equity as collateral.