Sentences with phrase «value of a home minus»

Home equity is the current value of a home minus the amount of mortgage debt against it.

When you sell your home, you're paid the value of your home minus whatever's owed on it.

Second mortgages are based on the market value of the home minus the balance of the first mortgage.

The reason: As home values rise, so does the equity in your home (calculated as the difference between the current value of a home minus the outstanding mortgage balance).

Home equity is equivalent to the current value of a home minus the total debts on it.

(Home equity is the current market value of your home minus the outstanding balance of all mortgages.)

In basic terms, home equity refers to the current value of your home minus the amount you still owe on your mortgage.

Home Equity: The market value of your home minus your mortgage, and any outstanding liens, such as a home equity line of credit.

First, determine home equity (value of your home minus any mortgage).

Equity is simply the value of a home minus the value of existing mortgages on it.

Depending on your credit history and the amount of your overall debt, you may be able to borrow up to 85 % of the appraised value of your home minus the amount you still owe on your mortgage.

You can typically borrow up to 85 % of the value of your home minus the amount you owe.

Equity is equal to the value of a home minus all the mortgages on it.

The value of a home minus all debts informs their lending decision.

They simply focus on equity - the appraised the value of a home minus all the debts in it when making lending decisions as real estate is their main business.

The value of a home minus its debts is sufficient for them to make a clear lending decision.

The main consideration for approval of a home equity loan is equity, which is simply defined as the value of a home minus all debts in it.

Equity is a simple measure obtained by the value of a home minus its debts.

The main criterion for being approved for this loan is the equity or simply value of the home minus its debts.

Equity or the value of a home minus its existing debts is the main basis for being approved for a home equity loan.

To approve such loans, lenders rely on equity or simply the value of a home minus debts on it.

Home equity is the value of the home minus your mortgage.

Home equity is the value of your home minus the balance of your mortgage.

They are based on the current value of your home minus your first mortgage balance.

It is equal to the value of the home minus the amount owed.

Cost basis is defined as: value of the home minus the value of the land, correct?

Borrow up to 90 % of the value of your home minus any other mortgage debt.

For example, with fire insurance, the amount you will pay depends upon whether you are buying «actual cash value» (market value of the home minus depreciation) or «replacement cost» coverage, which will cover complete rebuilding if needed.

Your home equity is, plainly speaking, the value of your home minus your mortgage balance.

Home equity is the value of your home minus the balance of your mortgage.

Your equity is the value of your home minus any home loans.

Not exact matches

From home values of $ 76,000 to $ 413,800, your Homestead Market Value Exclusion would be $ 30,400 minus 9 % of the home's value over $ 76Value Exclusion would be $ 30,400 minus 9 % of the home's value over $ 76value over $ 76,000.

For a house this expensive, lenders require a larger down payment — 20 % of the home value — so Martin is limited to a house worth five times his savings (minus that cash reserve equaling three months» payments).

The equity in your home (its value minus the amount you owe) is a little bit of a secret weapon that can be used to fund just about anything... remodels and upgrades, major purchases like vehicles or appliances, even «life stuff» like orthodontics and education costs.

The available credit line is equal to 90 % of the market value of the home ($ 500,000 x.9 = $ 450,000) minus the current mortgage balance ($ 450,000 - $ 300,000 = $ 150,000).

If the appraisal meets or exceeds the price you have offered for the home, that piece of your loan application is complete; but if the appraisal comes in too low, you will only be allowed to borrow up to the maximum of the appraised value — minus your down payment.

Home equity lenders give you a line of credit up to 85 % of your appraised homes value, minus the current mortgage loan balance.

Actual Cash Value: Actual Cash Value is a type of coverage that some basic home insurance dwelling policies offer where your home and contents are replaced with items of like kind and value minus depreciaValue: Actual Cash Value is a type of coverage that some basic home insurance dwelling policies offer where your home and contents are replaced with items of like kind and value minus depreciaValue is a type of coverage that some basic home insurance dwelling policies offer where your home and contents are replaced with items of like kind and value minus depreciavalue minus depreciation.

It also involves the equity you've built up in your home, a measure of its current market value minus what you still owe on your mortgage.

Home equity is the current market value of your home, minus any outstanding debt registered against your property, like your mortgage balaHome equity is the current market value of your home, minus any outstanding debt registered against your property, like your mortgage balahome, minus any outstanding debt registered against your property, like your mortgage balance.

The maximum you could get on a line of credit would be $ 62,500 (65 % of the value of the new home is $ 422,500, minus your mortgage of $ 360,000).

Your net worth is basically the value of all of the assets you own (home, cars, bank accounts, stocks, mutual funds, land, etc.) minus how much money you owe (liabilities).

In your case, assuming that the bank - appraised value of the home is actually $ 255,000 as you say, then the maximum you could borrow from a normal bank would be $ 205,000 which would leave an extra $ 15,000 in cash beyond what you owe, minus the closing costs and other fees of, say, $ 2500, would result in a check of $ 12,500.

The appraised value of the property, minus the cost of any health or safety repairs required to bring the home up to code

For borrowers with excellent credit, lenders may be willing to offer up to 85 % of the appraised value of the home, in the form of a home equity loan (minus the amount owed on your mortgage).

• The age of the borrower, or of the age of the younger spouse; the older the homeowner, the more money the homeowner is eligible to receive • The appraised value of the property, minus the cost of any health or safety repairs required to bring the home up to code • The lending limits (where applicable); lending limits vary on a county by county basis • Interest rates, which are determined by the U.S. Treasury or LIBOR Index • The payment plan selected by the borrower

Equity is the measure of a home's current value minus the value of debts in it.

You can borrow up to 95 % of your primary home's appraised value or 80 % of your vacation home's appraised value, minus outstanding mortgages ($ 10,000 minimum).

The amount of equity you have in your home — essentially the dwelling's value minus what you owe on it — will limit the size of your credit line.

The amount you can borrow is based on a percentage of your home's appraised value (usually 70 - 80 %), minus the amount that you still owe.