Mortgage example sentences

"Mortgage" Example Sentences

1. They had to take out a large mortgage to buy their dream home.
2. The bank approved them for a 30-year fixed rate mortgage.
3. They put 20% down as a down payment on their mortgage.
4. The monthly mortgage payment is their biggest household expense.
5. The mortgage interest rate was historically low when they refinanced.
6. They applied for an FHA mortgage to get a lower down payment.
7. They qualified for aVA mortgage thanks to his military service.
8. They struggled to make their mortgage payments after he lost his job.
9. Their adjustable rate mortgage had a low introductory rate.
10. They fell behind on their mortgage payments during the recession.
11. The bank threatened to foreclose on their mortgage.
12. They paid off their mortgage years ahead of schedule.
13. A reverse mortgage let them tap into the equity in their home.
14. They had to renegotiate the terms of their mortgage.
15. Their mortgage servicer handled all their payments to the lender.
16. The lender placed their delinquent mortgage in forbearance.
17. They were shopping for a jumbo mortgage loan for a luxury home.
18. They wanted to reduce the interest rate on their existing mortgage.
19. Private mortgage insurance is often required for low down payment mortgages.
20. The mortgage underwriter ensured they met all lending requirements.
21. The title company handled closing and transferring the mortgage deed.
22. Their large mortgage debt burden reduced their borrowing power.
23. Refinancing their mortgage lowered their monthly payments.
24. They budgeted carefully to ensure they could make theirmortgage payments.
25. Their home had enough equity for them to do a cash-out mortgage refinance.
26. The mortgage lender ordered an appraisal to determine the home's market value.
27. The mortgage loan originator helped them find the best mortgage options.
28. They quitclaimed the mortgage over to their son when they transferred the deed.
29. They applied for an assumable mortgage so their children could take over payments.
30. Their mortgage escrow account covered their property taxes and home insurance.
31. The mortgage broker pitted various lenders against each other to get them the best rates.
32. They had plenty of assets to include as collateral on their mortgage.
33. Their mortgage borrowers were struggling to make payments due to the pandemic.
34. They chose a 15-year mortgage to qualify for a lower interest rate.
35. They had to sign numerous mortgage documents at the closing.
36. Their lack of a down payment made it difficult to qualify for a conventional mortgage.
37. The average American family spends about a quarter of their income on mortgage payments.
38. The mortgage lender required they maintain homeowners insurance on the property.
39. The low mortgage rates encouraged them to buy instead of continuing to rent.
40. Their credit score determined the interest rate they qualified for on their mortgage.
41. The real estate agent referred them to mortgage brokers to apply for a home loan.
42. The balloon mortgage came due after the initial interest-only payment period.
43. They chose an ARM over a fixed-rate mortgage to get a lower initial rate.
44. Their adjustable rate mortgage reset to a higher interest rate after five years.
45. The jumbo mortgage required a higher credit score due to the loan amount.
46. They wanted the deed of trust to secure their mortgage.
47. Their primary residence is their biggest secured asset against their mortgage debt.
48. They paid mortgage insurance premiums each month along with their regular payment.
49. Over time, they built up equity in their home that outpaced their outstanding mortgage.
50. The mortgage deed transferred ownership of the property to them when they bought the home.
60. They received a mortgage satisfaction letter when they paid off their home loan in full.

Common Phases

1. We had to get a mortgage to buy our first house.
2. The mortgage company approved us for a 30-year loan at a fixed interest rate.
3. We shopped around for the best mortgage rates before applying for a loan.
4. The low interest rates have allowed many people to refinance their mortgages.
5. The bank owns most of the house until the mortgage is paid off in full.
6. Our monthly mortgage payment includes both principal and interest.
7. We pay extra money toward the principal of our mortgage to pay it off sooner.
8. The couple had to get a second mortgage to pay for their daughter's medical bills.
9. The adjustable rate mortgage started out cheap but the rates increased after a few years.
10. The landlord paid off the mortgage on the rental property.
11. Interest rates impact how much you pay each month on your mortgage.
12. The bank assessed our credit score before approving our mortgage.
13. Our mortgage lender required private mortgage insurance until we reached 20% equity in the home.
14. The private mortgage insurance added to our monthly payment.
15. The mortgage servicer processes our monthly payments and distributes them to the appropriate parties.
16. Most mortgages require that homeowners purchase homeowners insurance.
17. Property taxes are typically an additional expense paid on top of your mortgage payment.
18. Some first-time home buyers qualify for government programs that help with mortgage down payments.
19. The smartest thing we ever did financially was to pay off our mortgage early.
20. We refinanced our mortgage to a lower interest rate which lowered our monthly payments.
21. The housing crash left many homeowners owing more on their mortgages than their homes were worth.
22. Skipping mortgage payments can negatively impact your credit.
23. The mortgage underwriters carefully reviewed all of our financial documents.
24. They applied for a jumbo mortgage because home prices in that area were so high.
25. The expanded down payment programs made it easier for residents to get mortgages.
26. The bank required mortgage insurance since we put less than 20% down on the house.
27. The mortgage on my rental property covers the cost of the mortgage, taxes and insurance.
28. Interest rates directly impact the cost of a mortgage.
29. We shopped around for a mortgage broker to find the best financing options for us.
30. The balloon payment on the mortgage came due sooner than we expected.
31. A reverse mortgage allows homeowners to convert equity in their homes into cash.
32. All of our finances went into getting our first mortgage but it's paid off now.
33. The firm specializes in financing and originating mortgages.
34. The seller agreed to pay the remainder of the mortgage to help sell the house faster.
35. They refinanced their mortgage into a 15-year fixed loan to pay it off sooner.
36. Our lender offered us a choice of adjustable or fixed-rate mortgages.
37. The majority of homeowners take out mortgages to purchase their homes.
38. Interest rates on mortgages were at an all-time low that year.
39. We worked with a mortgage broker to get the lowest fees and interest rates.
40. The mortgage application process can take several weeks.
41. The couple used a home equity loan to pay for college instead of tapping into their mortgage.
42. The preapproval letter helped speed up the mortgage process once they found a house.
43. The seller agreed to pay $5,000 at closing to help cover the buyer's mortgage expenses.
44. They willingly paid a higher interest rate for a lower monthly payment on their mortgage.
45. We hope to pay off our mortgage before the kids go to college.
46. Monthly mortgage payments generally go up every year as property taxes increase.
47. The adjustable-rate mortgage started out with lower payments but jumped up after a few years.
48. An FHA loan requires a lower down payment but has higher mortgage insurance rates.
49. They were behind on their mortgage payments and facing foreclosure.
50. The mortgage application included documentation of income, assets, and debts.
51. The new homeowners signed all the closing documents for their mortgage that day.
52. The housing crisis left many homeowners owing more on their mortgages than their houses were worth.
53. The couple's dream house came with a hefty mortgage.
54. We decided to keep renting instead of taking on a mortgage.
55. The mortgage crisis showed the dangers of complex financial products.
56. Many senior citizens take out reverse mortgages to get money from their home equity.
57. Their dream house came with a big price tag and an even bigger mortgage.
58. The mortgage payments took up a big portion of their monthly budget.
59. The homeowner association fees were higher than expected on top of their mortgage and taxes.
60. After years of hard work, they finally paid off their mortgage and owned their home outright.