Sentences with phrase «value of the house exceeds»

A homeowner technically reaches positive equity when the market value of the house exceeds the outstanding loan balance by any amount, but the associated costs of listing a house and moving prevents many Americans from selling.

The Appraisal Institute of Canada posts this warning on its website: «If the value of your house exceeds the average market value in your neighbourhood, your renovations will not yield much return.

Not exact matches

So the gamble you're making is that today's average American house will not exceed $ 728,000 in value after 30 years of appreciation.

Under Uber's lease arrangements, drivers» leases can run far above the actual Blue Book value of the car, not unlike how homeowners were left underwater when housing prices plummeted and their mortgages far exceeded their homes» value.

This would make the program more appealing to a larger number of home buyers, especially in those areas where house values currently exceed FHA loan limits.

ZIP Code areas with less than a 10 % change in quantity and median home values below 75 % of the within - metro median (across all ZIP Code areas within the metro) are labeled as having legacy housing supply that exceeds current demand.

The HARP program offers help to people who are underwater on a mortgage as long as it does not exceed 125 percent of the house's current market value.

Furthermore, any lawsuit that could be filed against you for an injury that takes place on your property could easily exceed the entire value of your house.

The HECM reverse mortgage is a «non-recourse» loan, meaning the borrower is not responsible for any mortgage amount that exceeds the value of the house.

In the event the mortgage exceeds the value of the house, the borrower can turn over the house if they want.

However, you may be liable for these taxes on a house worth less than the limit if the combined value of all the original owner's assets — including not only the house but also hard cash and investments — exceeds $ 5.49 million.

If you simply want to refinance the first mortgage, your total housing debt shouldn't exceed 80 % of your home's market value, or else the holders of the second lien may refuse to resubordinate (agree to stand behind the first - mortgage holder for repayment if you default).

The valuation enables you to test whether the market value of the in - house assets exceed 5 % of the funds» total assets at the end of a year of income.

The second thing is that the new loan amount can't exceed what's called the Loan - To - Value ratio (LTV), which is the amount of the loan compared to the to the value of the house, based on the appraValue ratio (LTV), which is the amount of the loan compared to the to the value of the house, based on the appravalue of the house, based on the appraisal.

Nick Timiraos reports: There's two big groups of people who may see little relief from the provision from President Obama's housing plan that would allow more borrowers to refinance: jumbo borrowers with loans that are too big for government financing and homeowners whose first mortgage exceeds 105 % of the value of their home.

Real estate professionals who use the services of eNeighborhoods, a REALTOR ® VIP partner, continually exceed their clients» expectations by providing consumer - friendly information about neighborhood demographics, public and private schools, housing values and trends, crime rates, and climate.

The total value of residences exceeds $ 1 trillion and land and housing together account for one - third of all personal assets.

High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

ZIP Code areas with less than a 10 % change in quantity and median home values below 75 % of the within - metro median (across all ZIP Code areas within the metro) are labeled as having legacy housing supply that exceeds current demand.