Sentences with phrase «value of your property less»

Lenders determine your home equity by looking at the current value of your property less the mortgage you owe on it.

The value of the equity of redemption to the person obligated on the mortgage, a.k.a. the equity in the property, is the value of the property less the amount of the mortgage.

What is Equity — the value of the property less any debt encumbrance, What is the value of the property — the discounted value of the expected cash flows from the property over time (at least for multi-family properties).

Home Equity — the value of a property less any and all existing liens.

Not exact matches

In fact, 40 % of homeowners expect the value of their property to increase in the next year, while less than 10 % anticipate values to decline in the next year.

What is somewhat of a shock, however, is that the second highest effective property tax rate — calculated based on a percentage of a home's value — was for houses at the extreme low end of the value spectrum, assessed at under $ 50,000 or less.

Benson said the amount of money Marin homeowners pay in property tax is less driven by the actual tax rate and more driven by the value of the real estate.

That said, if the loss of homeowner benefits is capitalized in lower property values in these markets, home buyers may be less likely to actually move.

Copperbank is currently valued at less than C$ 15 million, which is a far cry from the amount of money an investor would need in order to acquire a portfolio of properties similar to what they own.

Some investors will be in wait - and - see mode until the macro environment becomes less clouded, while long - term offshore investors may see the inherent value of UK property in view of the weakening sterling and softening values, it points out.

In the event of a default the property is sold and the bank gets all its money back because they are in a full equity position, the amount lent is less than the total value of the asset so they are only out the time it takes to get the property sold.

In less than a decade, the billion - dollar property had lost 95 percent of its value.

It is important to note that this point that the amount offered will be less than the market value of your home, as quick property buying forms look to make a profit when they sell the house on.

The percentage of the lesser of the sales price / appraised property value that is borrowed from a bank or lender.

The down payment is less than 25 % of the property value.

The inequality of laws concerning punishment of suspicion of adultery, the pervasiveness of polygamy, the fact that women were viewed as property, the lesser value ascribed to baby girls, and the suggestion that women are more easily deceived than men are all striking problems for modern readers... and as Christians we should not underestimate the impact they may have on unbelieving seekers.

If you based F&R dollars on property values, of course metropolitan Californian districts are going to get less money.

This would help dampen house price volatility; the total tax burden on a property rises with the value of the property, pushing up the overall purchase price and making the property less attractive as an investment.

Duffy maintains fees in the transaction meant he and his wife paid $ 1,760 less than the assessed value of the property.

Across New York, DiNapoli's report noted the percentage of exempt property value ranges from less than 10 percent in several municipalities to more than 60 percent in others.

Bolton, due to its high property values, relies less on state aid, which totaled more than $ 745,000 in a budget of $ 8.3 million in 2010 - 11.

Mayor Paul Dyster proposed a spending plan for next year that would raise the tax rate for commercial properties slightly and the residential property tax rate by less than 2 cents per $ 1,000 of assessed value.

Or would the Town of Clarkstown turn to a new candidate and go down the road less traveled to a better future where there would be compassion shown for seniors; where there would be concern for property values and their protection with a Ward System; where there would be a supervisor who would act with fiscal responsibility for those who pay property taxes; and most importantly where there would be a Supervisor who would lead the Town Board with high ethical standards and provide the citizens of Clarkstown with an open, transparent and principled government?

While there is substantial information on the technical properties of value - added measures, far less is known about how these measures are put into actual use.

For property taxpayers, the savings that refunding bonds typically generate is less than $ 2 or $ 3 dollars per $ 100,000 of assessed value.

Schools receive the largest amount of their state funding through a general fund that distributes money through a formula that gives more to districts with more students with challenges, including those who live in poverty, and less state money to districts with high property values.

In addition, Erickson noted that the farther away the the school districts, the less affected the property values were by presence of black students in the schools.

Before today, the stock was 11 percent below its book value of $ 18.92, implying investors view RIM as worth less than the net value of its cash, inventories, real estate and intellectual property.

b) If the property was purchased less than one year preceding the application date, the LTV / CLTV (85 %) for the mortgage amount must be calculated using the lesser of the appraised value or the original sales price of the property.

Investors can often purchase these properties for less than their market value, because the owners are desperate to get out of a property that they can not afford.

A reverse mortgage loan is «non-recourse», meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

Usually, the amount of your loan can be no more than 95 percent of the appraised property value or 95 percent of the sales price of your home, whichever is less.

Fannie Mae requires a minimum credit score of 620 for loans with loans exceeding 95 percent of the property value and imposes a 3 percent surcharge for credit scores of less than 640.

Q: Do I have to pay income tax if I inherited a property jointly with my sister and she bought me out for less than half the appraised value of the property?

This tree - lined neighbourhood of single - family homes near Simon Fraser University certainly seems to offer value: Last year approximately 30 properties sold in this area at a benchmark price of just over $ 700,000 — almost $ 50,000 less than the benchmark price for the Greater Vancouver Area.

This arrangement is only fair to both parties when the fair - market rental value of the whole property is $ 1350 / mo; it is unfair to the OP when the fair - market rental value of property is less, and unfair to the parents when the fair - market rental value of property is more.

I'd like to know what happend when the seller is an investor My client has 5 properties, the value of each one is a 70 % less of the price he paid for them, How the short sale process can help to the investors?

If you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt

In situations where a borrower is underwater on their mortgage, the amount of the debt that exceeds their property value is treated under the Bankruptcy Code as unsecured, often paid at much less than 100 % under the terms of a chapter 13 plan.

A secured line of credit is up to 65 % of the value of a home or if there is a mortgage on the property, 80 % less the mortgage.

By the end of the second quarter, more than 12.3 million homes were equity rich — meaning their owners owed less than 50 percent of the property's value on outstanding mortgages — according to real... View Article

«Some program participants mistakenly infer from this language that a borrower (or the borrower's estate) could pay off the loan balance of a HECM for the lesser of the mortgage balance or the appraised value of the property while retaining ownership of the home.

This is obtained by dividing the total value of loans secured by property by price to get the desired 85 % or less.

The value of the property is less than the mortgage balance.

Remember that when qualifying for the mortgage you're the down payment is based on the sales price or appraised value of the property, whichever is less.

The FHA allows borrowers to end their insurance payments after five years if the value of their loan is less than 78 percent of the property's value.

For newer homeowners, their loan amount will be limited to 85 % loan - to - value based on the lesser of the new appraised value or the sales price of the property when acquired.

Since the inception of its waiver of anti-flipping rules, FHA cites the approximate value of 42,000 FHA mortgages arising from sales by sellers holding properties less than 90 days at $ 7 billion.

We could use a property of less value but a starter home for $ 250,000 or less covers almost all regions across Canada.

Most lenders require that a combination of the guaranty entitlement and any cash down payment must equal at least 25 percent of the reasonable value or sales price of the property, whichever is less.