Sentences with phrase «value of principal residences»

The value of principal residences, on paper, accounts for more than a third of the total wealth held by Canadian households.

Not exact matches

The suggested fixes include capping loans at 65 per cent of the home value, introducing new and more conservative means of estimating how much a residence is worth, and amortizing the loans (meaning that borrowers would have to repay the principal within a certain time frame, as in a mortgage, whereas now they can simply keep paying interest on their HELOCs).

Adopting core values like «No Excuses,» «Whatever it Takes,» and «Sweating the Small Stuff,» IDEA Mays aims to follow in the footsteps of schools like IDEA South Flores, where Boyd served as principal in residence last year, and the five other IDEA San Antonio schools that received all possible distinctions from the Texas Education Agency (TEA) this year based on their standardized test scores.

Fannie Mae's HomeReady ® fact sheet says the program allows for «financing up to 97 % loan - to - value (LTV) for purchase of one - unit principal residence.»

The principal residence exemption, which allows you to sell your home without paying capital gains taxes on the increase in value, is one of the most lucrative tax deals out there.

Besides their $ 850,000 principal residence, the Devis own one - sixth of a strip mall (their share is valued at $ 200,000) as well as a nearby investment property worth $ 300,000.

These include the value of the property at the time of disposition, the number of years it was designated as a principal residence at the time of making the capital gains election and the years after 1994 it was designated as a principal residence.

As of August 18, 2017, Fannie Mae allows lenders to receive a Property Inspection Waiver (PIW) on certain one - unit principal residence and second home purchase transactions with loan to value ratios up to 80 %, rather than a tradition in - person appraisal.

Interruption of Trip: If the Insured is unable to continue the Trip due to the death of a parent, spouse, sibling or child; or due to serious damage to the Insured's principal residence from fire, flood or similar natural disaster (tornado, earthquake, hurricane, etc.), the program will reimburse up to the maximum stated in the Schedule of Benefits the Insured for the cost of economy travel, less the value of applied credit from an unused return travel ticket, to return home to their area of principal residence.

These provisions create (1) an non-immigrant Canadian retiree visa that would allow Canadians 55 years and older who have a rental agreement for lodging or own a US home in the US to stay as long as 240 days each year, and (2) an non-immigrant retiree visa for foreign nationals 55 years of age or older who purchase a principal residence (or a personal residence plus other residential properties) valued at $ 500,000 or more and who agree to stay in the US for a period of not less than 180 days per year.

To receive the property inspection waiver eligibility is limited to a maximum of 80 % loan - to - value on one unit properties (no condos as I understand the rule), principal residences or second homes only, and there was a prior appraisal collected in the Fannie Mae database from a previous loan transaction.

Fannie Mae's HomeReady ® fact sheet says the program allows for «financing up to 97 % loan - to - value (LTV) for purchase of one - unit principal residence.»

Note: Borrowers are not eligible for a new FHA - insured mortgage if they pursued a short - sale agreement on their principal residence simply to take advantage of declining market conditions to purchase a similar or superior property within a reasonable commuting distance at a reduced price, as compared with current market value.