Sentence examples for existing mortgage for from inspiring English sources

Mr. D'Agostino added that it is not unusual for a bank that is doing business with a building owner -- when refinancing an existing mortgage, for example -- to require the owner to place all the building's accounts in that bank.

This means swapping your existing mortgage for a new one, and converting some of your accumulated home equity into cash in the process.

You will generally not be allowed to refinancing your mortgage if you've been paying your existing mortgage for less than a year.

A popular way to pay for home repairs and renovations is through a "cash-out refi," which is simply a way of swapping your existing mortgage for a new one and converting some of your home equity to cash in the process.

For example, the government could offer to buy any existing mortgage for 30 cents on the dollar of face value for a period of three years.

Residents who sign two-year leases before August 2003, or who pay an existing mortgage, get a check for up to $12,000 about half the annual rent for a decent one-bedroom apartment in Manhattan.

To encourage existing mortgage lenders to settle for lower payments, the government would accept responsibility for half of the losses if the homeowner defaults a second time.

The three methods for accessing equity are: refinancing your existing mortgage and taking cash out, applying for a home equity loan, or opening a line of credit based on equity.

Still others borrow more than they need to pay off their existing mortgage, in order to have money for other purposes.

Look for a prepayment penalty on your existing mortgage and check your credit score to make sure you will qualify for a favorable refinancing offer.

But lending requirements are strict even for people with an existing mortgage who have no problem making their current payments.