Assertion: mortgage's home | /r/HasProperty | worth
Facets:
value: currently
type: TEMPORAL
value: truly
type: DEGREE
value: the amount the seller claims
type: OTHER
value: by 15,000
type: OTHER
Source sentences:
text: If the home is now worth $400,000, and you still only owe $160,000, then you have a 60% equity stake.
text: Now your home (that you still owe $200,000 on) is only worth $185,000.
text: Because you owe more than your home is worth, your mortgage is considered "underwater.
text: Like we already talked about, if you owe $200,000 on your mortgage, but your home is only worth $185,000, you’re underwater on your home by $15,000.
text: Underwriters also review the appraisal to make sure it is accurate and thorough, so that the home is truly worth at least the purchase price.
text: For example, let's say the home you have your eye on is worth $250,000, and you plan to make a down payment of 20% of the home's price, or $50,000.
text: Homeowners that have a mortgage owned by Fannie Mae or Freddie Mac—also called a conventional mortgage loan—and who owe more on the loan than the home is worth may qualify for a HARP refinance.
text: In this rather common scenario, the borrower would be $100,000 underwater on their mortgage because they currently owe $500,000, yet the home is now only worth $400,000.
text: For example, if you bought your house four years ago with a 10 percent down payment, and the home’s value has risen 15 percent since then, you now owe less than 80 percent of what the home is worth.
text: The mortgage lender needs to ensure that the home is worth the amount the seller claims it to be worth.
text: For example, if your mortgage is $150,000 and your home is currently worth $200,000, your loan to value ratio is 75%.