Sentences with phrase «value than the loan amount»

This asset, known as collateral, usually has a higher value than the loan amount.

Not exact matches

For homeowners who owe more on their mortgage than their house is worth, or whose mortgage amount is more than 80 % of their home value, HARP provides a way to switch into a more affordable loan.

The displayed rates and APRs assume a loan amount of $ 260,000, an owner occupied single family detached home located in Pennsylvania, first time usage of VA eligibility, a loan - to - value ratio of less than 80 %, a credit score of at least 740, and a debt - to - income ratio of less than 50 %.

We also allow customers to enter loan amounts higher than their home value, so they can see possible HARP loan quotes (and call our loan officers for more information about qualifying).

The lender's maximum loan amount is based on appraised value if it is lower than the purchase price.

Your rate is calculated based on a variety of factors, including credit qualifications, loan - to - value, line loan amount and other criteria, but generally may be higher than a conventional loan interest rates.

Also, going to court over such a small amount of money might cost more in administration and fees than the value of the loan.

If the loan is for more than the fair market value of your home (i.e., if your mortgage is underwater), then the loan amount that is over the fair market value counts as a liability under the net worth test.

Villa value Barry at around # 18 million, more than Liverpool were originally prepared to pay, but Hicks and Gillett are now understood to have agreed to underwrite the fee in what amounts to a short - term loan.

Selling loans isn't a good way to boost your revenue (since the value of the future payments is hopefully larger than the amount loaned due to interest), but it would provide immediate cash to pay down a deficit.

Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan or lease, which could leave a financial «gap» of thousands of dollars.

Refinancing for any amount greater than 80 percent of your home's current value requires paying for mortgage insurance (conventional mortgage loans) or FHA insurance.

The chart differentiates loans in three ways: 1) duration of loan (more or less than 15 years), 2) loan amount (more ore less than $ 625,000), and 3) loan - to - value (LTV: size of the loan against the value of the home).

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.

This type of foreclosure is most commonly associated with homes where the loan amount is higher than the value of the property.

For homeowners who owe more on their mortgage than their house is worth, or whose mortgage amount is more than 80 % of their home value, HARP provides a way to switch into a more affordable loan.

This produces tremendous risk for the consumer - in the event that they can not make a payments, the loan issuer may seize the borrower's house, the value of which will frequently be much higher than the loan amount.

Here's the formula: Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan - to - value ratio for conventional financing will be higher than 80 %.

A conventional mortgage is one in which the down payment amount is equal to more than 20 % of the purchase price (or where the loan value is less than 80 %).

If the loan debt surpasses the value of the home, the borrower will not owe more than the amount the home sells for.

It is a payment usually required of a borrower for loans in which a down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.

I want to take out a mortgage, but the value of the house is greater than $ 417,000, which is the amount when a mortgage becomes a Jumbo loan.

It's higher than a regular FHA loan because the fee is calculated from the property value, not the amount borrowed.

Insurance.com noted if a car has been totaled and the amount due on the loan is greater than the car's value, the insurance company will pay out the car's actual cash value (defined as the market value prior to damage from the accident).

If your existing home amount is more than 80 % of your home's current value, an FHA refinance loan may provide lower mortgage rates, converting your current home loan from an adjustable to fixed rate (ARM) mortgage.

In addition to the typical types of auto insurance coverage, Elephant also provides protection for so - called underwater car loans, where the value of a car is less than the balance of the loan amount.

A lender will not approve a conventional loan if the loan amount is higher than the appraised value of the home.

Once we get the amount your car is worth, Utah prohibits title loan companies from lending you more than the fair market value of your car.

Generally, you get an amount that is equal to or less than the face value of the loan.

Assuming the loans continue to perform well, I will likely incrementally increase the amount invested in these loans as my overall portfolio value increases, but I will keep the total amount invested in these loans to less than 10 percent of my overall portfolio.

These loans come with a fixed loan amount that can equal or be a bit higher than the equity value.

Maximum Loan Amount: A motor vehicle title lender can not loan you more than 50 % of the fair market value of your motor vehiLoan Amount: A motor vehicle title lender can not loan you more than 50 % of the fair market value of your motor vehiloan you more than 50 % of the fair market value of your motor vehicle.

However, if the value in your home (after any mortgage and secured loans have been taken off) is greater than the total amount of your debts, an IVA may still be possible.

Other loans with a loan amount greater than 80 % of the value of the property require mortgage insurance.

Most lenders look favorably on this type of loan since the increase in property value is usually greater than the amount of money being borrowed.

If the property is now worth $ 250,000 the loan amount is less than the value of the property.

With a ten year loan you got to be six years, seven years into the loan before the actual amount you owe is lower than the value of the car.

On the other hand, if the loan is less than 80 % of the value of the property, the lender will rest assured that the value of the property will be able to cover the mortgage amount if there is need for foreclosure.

What used to happen with a five year loan, you have to be three years into it before the amount you owed on the loan was lower than the value of the car.

The loans generally are for 1 - 4 months and the amount you receive will be considerably less than the value of the item you brought to pawn.

A reverse mortgage loan amount is determined differently than a standard or forward mortgage and you don't hear people talking about the «Loan to Value Ratios» like you would on a traditional lloan amount is determined differently than a standard or forward mortgage and you don't hear people talking about the «Loan to Value Ratios» like you would on a traditional lLoan to Value Ratios» like you would on a traditional loanloan.

There are no actual loan limits for a VA home loan, but most VA lenders limit the amount that can be borrowed to $ 417,000 and no more than 100 % of the VA - established reasonable value of the property (determined by the appraiser hired by the VA).

Where the current fair market value of your property is less than the amount you owe on your loan, the lender may agree to a short sale allowing your property to be sold for less than the amount of the loan balance.

Effective April 1, FHA's annual MIP for all new loans that are less than or equal to $ 625,500 and with a loan - to - value ratio greater than 95 percent is now 1.35 percent of the loan amount.

If your loan only involved a small portion of your cash value, the remaining amount might even compound more rapidly than the interest payment on the loan, allowing your cash value to continue to grow even after interest payments are accounted for.

If the difference between your loan amount and the home's appraised value equals less than 20 percent, you have a high loan - to - value mortgage.

There are other rates available for loan amounts less than $ 50,000, for a loan - to - value exceeding 80 %, for terms between 48 and 240 months, and ESL lien position.

Lenders who underwrite loans to Fannie Mae or Freddie Mac, the nation's two largest government - backed mortgage investors, do not require mortgage insurance if the loan amount is less than 80 percent of the home's value.

In order to refinance car loans, borrowers must first make sure that the amount of the loan they have yet to repay is less than or equal to the current value of the car.

If the value of your collateral security is more than the loan amount, then you can get a lower interest rate.