Sentence examples for given a mortgage from inspiring English sources
Secondly, there is a new affordability test, in which borrowers will only be given a mortgage if they can afford the loan at interest rates 3% higher than today.
'I just got more and more blase about the fact that the ends didn't meet, even when I realised after a couple of years that I hadn't made any dent in the total amount I owed.' She wonders why financial institutions kept loaning her money and doesn't know why she's just been given a mortgage for 5.6 times her salary.
The first victim was the sub-prime borrower who was given a mortgage that he/she could not truly afford for a home that was valued too high.
MR. ROMNEY: -- have qualified mortgages, and if you give a mortgage that's not qualified, there are big penalties.
Heard how these guys would give a mortgage to anyone — even to a corpse, the joke went.
"But they do have a cut-off age of 55 and won't give a mortgage to anyone over 55".
The work had to be financed with private cash, since no bank would give a mortgage to the uncompleted building.
As stated in Arnold's history of Rhode Island (vol. i., p. 199), 'Atherton forced his way, pistol in hand, into the wigwam, and, seizing the Sachem by the hair, dragged him out, threatening instant death if any resistance was offered.' The debt was settled by Pessicus giving a mortgage of all his lands to the commissioners of the Four Colonies".
The desire to know precisely what happened during that give-a-mortgage-to-anyone-who-breathes, securitize-this frenzy has historical antecedents.
That means that anyone looking to borrow $700,000, for example, would already be given a jumbo mortgage rate, which is typically about half a point higher than the rate for a conforming mortgage and could cost borrowers an additional several hundred dollars a month.
B1 Formal Complaint on Corzine The Senate Ethics Committee received a formal complaint that Senator Jon S. Corzine had violated Congressional financial disclosure rules by failing to report that he had given a $470,000 mortgage to the head of a major state employees union.
