Sentences with phrase «value of a house minus»
The annual net worth is figured using the investment account value plus the value of the house minus the outstanding mortgage balance.
http://allfinancialmatters.com/ Not exact matches
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 ACV is the market value of your house, minus any depreciation.
If the heirs want the house, they can repay the reverse mortgage loan at 95 percent of HUD's appraised value minus closing costs and the Realtor's commission.
Similarly, the land on which the house sits usually isn't going anywhere (with a few notable exceptions like coastal property prone to erosion or beach encroachment) So, take the home's value, minus 15 %, plus the street value of all the things you have in it (this is typically a different «bucket» of coverage limit, and keep in mind the insurer will pay present value, not replacement cost), and that should be your coverage limit.
For example, if your house was worth $ 200,000 and adding an elevator cost you $ 80,000 but increased your home's value to $ 250,000, then you could only deduct $ 30,000 of the expense (the $ 80,000 cost minus the $ 50,000 increase in the house's value).
The first type is called «actual cash value,» which means you will receive an amount that equals the value of your house and belongings, minus depreciation.
One of the biggest surprises to homeowners who need to file a house insurance claim is that insurance losses are often paid based on the actual cash value (replacement cost of property minus depreciation) of their property.
The ACV is the market value of your house, minus any depreciation.
The 70 % rule is popular among house flippers and basically says that the max offer price on a property is 70 % of the After Repair Value minus the repair costs.
The basic metric for a house flipper is you can pay no more than 70 % of ARV (After Repaired Value) minus repair / holding / sales costs.