Sentence examples for mortgage amounts from inspiring English sources

Under the program, homeowners whose mortgage amounts were reduced will not owe tax on the amount forgiven, which is sometimes treated as income.

Since mortgage amounts are based on a percentage of the home's value, a higher value would translate into a larger mortgage.

Mr. Allison said the department was limited in its ability to compel servicers, who participate in the program voluntarily, to reduce mortgage amounts.

Since some closing costs are tied to the size of the mortgage, and since average mortgage amounts are flattening — along with the housing market — closing costs could be falling, too, at least in some regions.

While the mortgage amounts are high, Mr. Ogilvy said, they are a standard loan percentage; if one assumes the property is worth $190 million, the mortgages would be about 65 percent of the value.

The gift rules apply only to single-family principal residences, including town houses, co-ops and condominiums, and covers mortgage amounts in excess of 80 percent of the property's value.

Most lenders will let you overpay by up to 10% of the mortgage amount per annum.

Closing costs are already very high, averaging 6percentt of the mortgage amount.

In Chautauqua County, in western New York, borrowers pay a 1.25percenttaxax on the mortgage amount.

Instead, she said, older borrowers should seek a larger mortgage amount, preserve the remaining funds as a cash reserve.

But if the value was just half the mortgage amount, 17 percent would abandon the house, and the loan.