Examples of 'mortgage balance' in a sentence
Meaning of "mortgage balance"
mortgage balance - Refers to the amount of money that is still owed on a mortgage loan. It is the outstanding principal along with any interest that has accrued. Knowing the mortgage balance is important for homeowners to understand how much they still owe on their home loan
How to use "mortgage balance" in a sentence
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mortgage balance
This means the mortgage balance is increasing.
Mortgage balance owing at the end of three years.
Adding interest to the mortgage balance.
Mortgage balance Student loan balance.
A home where the primary mortgage balance has been paid down.
Premiums are calculated based on age and the original mortgage balance.
REO properties typically have a mortgage balance equal or greater than the current market value.
Your coverage amount remains intact even as your mortgage balance decreases.
Current Outstanding Mortgage Balance This captures the total amount that you OWE on the mortgage.
The investor must also provide a down payment on the mortgage balance.
As the mortgage balance of a home decreases, its net worth increases.
A short sale involves selling your house for less than the mortgage balance.
However, the existing mortgage balance must be paid off at closing.
The plan also involves forgiving a portion of the borrower 's mortgage balance.
Even if you have a small mortgage balance left, you are eligible for the program.
See also
Own the home free and clear, or owe only a small remaining mortgage balance.
That 's because the reverse mortgage balance must be paid off - usually by selling the home.
Mortgage balance reported as the amount of debt cancelled ( huge mistake ).
Charges paid at closing and payments made toward a Reverse Mortgage balance may affect tax deductions.
Find out what the seller 's current mortgage balance is and use this to your advantage.
Most lenders will have a threshold of 20 % of your original mortgage balance.
Typical mortgage insurance declines as your mortgage balance decreases, however your premiums stay the same.
Do I have a significant portion of the mortgage balance to set aside in an offset account?
Your life insurance benefit equals the mortgage balance owing on your mortgage.2.
Over a period of time, as the mortgage balance declines, the LTV declines too.
Withdrawing funds from a 401 ( k ) to pay off a mortgage balance also proves beneficial for asset-protection planning.
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