Sentences with phrase «value than the original loan»

Not exact matches

The prospect of the DOE «selling» the loan to an investor group is reportedly unprecedented, but even at the much lower price than its original value, represents the best chance for U.S. taxpayers to get at least part of their money back.

In other words, the car depreciated in value faster than the original auto loan was paid off before the trade - in.

During this time the market had done well, so when I paid back the funds the net difference in shares that I now owned (including shares purchased with the interest payments) was $ 538.25 less than today's value of the original count of shares that were sold to fund the loan.

This is advisable only if you have paid more that half of your mortgage or you have made improvements on the house and the current value is higher than that considered for the original loan.

Pledge Accounts may be released after 36 months, at the investor's discretion, if a new appraisal shows the current Loan to Value is equal to or less than the original Effective Loan to Value (65 % based on the above example).

PMI can add hundreds of dollars a year to your loan, but you can cancel it once you owe less than 78 % of the home's original value.

Are you saying that you have paid the loan amount down to 78 % of the original value of the loan, or that because of market conditions you have greater than 20 % equity?

The AFR is useful for tax concepts such as Original Issue Discount (when issuers sell low - interest or no - interest bonds or loans at less than face value, attempting to recharacterize interest income as return of principal), various grantor trusts (e.g. GRATs), and so forth.

Most mortgages allow you to prepay 20 % of the original value of the loan which is way more than most people can pay down so they don't benefit at all from the ability to put down more than 20 %.

FHA Streamline Refinances are the fastest and most simple way for a homeowner with an FHA - insured home loan to refinance their existing mortgage because the FHA allows the home's original purchase price to be used as the current value of the home rather than requiring an appraisal.

I re-read the original post, I don't see where he states that he believes the heloc loan balance to be greater than the property value.

«Because we buy the bank note for much less than its original value, we can provide the homeowner with reasonable loan terms in line with the true value of the home.»