underlying mortgage sentence in Hindi
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- When the loan to be refinanced is an underlying mortgage in a co-op, however, additional factors must be considered, the most significant of which is the prepayment penalty.
- "This deal took a dead-end situation in terms of refinancing the underlying mortgage and turned it into a positive, " said Naomi Gardner, a lawyer for the co-op.
- If the co-op owned the property subject to an underlying mortgage, on the other hand, the portion of maintenance attributable to interest on the loan would be deductible.
- This is the unit owner's proportionate payment on the underlying mortgage on the building, the debt owed by the co-op corporation that is secured by the building itself.
- Liebowitz explained that most co-op underlying mortgages contain what is known as a prepayment penalty, which penalizes the borrower if he pays off the loan before its term expires.
- Abe Kleiman, a Manhattan certified public accountant who specializes in co-ops and condominiums, said that somewhere in the financial statement there should be information regarding the co-op's underlying mortgage.
- "The biggest variable in a co-op is interest on the underlying mortgage, " said Greg Young, director of sales and leasing for City Living, a New York City real estate brokerage.
- The companies that can call the bonds-- in some cases the firms that service the loans by tracking monthly mortgage payments-- can retrieve the underlying mortgages, which pay lofty interest rates.
- Edelstein himself, not yet realizing any return on his investment on the unsold shares though earning 10 percent interest on a $ 1.9 million underlying mortgage, hopes to sell apartments eventually.
- "Some people argue that since interest is deductible and principal isn't, a building should not put itself in a position of repaying any of the principal on the underlying mortgage ."
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