Examples of Qualifying Home in a sentence
Line 16 - Qualifying Home Mortgage Interest and Real Estate Property Taxes LimitationTotal home mortgage interest and real estate property taxes may not exceed $20,000.
Line 15 - Qualifying Home Mortgage InterestEnter the amount allowed as a deduction for interest paid or accrued during the taxable year under section 163(h) of the Code with respect to any qualified residence, excluding mortgage insurance premiums.
This Agreement will be forgivable as long as the homebuyer uses the Qualifying Home as his or her primary residence for the Claw-back Period.
The funds provided for the purchase of the Qualifying Home are HOME Funds in the amount of $ .
The total purchase price of the Qualifying Home is $and does not exceed the maximum purchase price limit of $ 245,000 for existing properties or$300,000 for new construction properties.
Borrower agrees that if at any time during the Affordability Period the Qualifying Home is not their principal residence or is transferred either through sale, foreclosure, or other event the City of Charlotte shall have the right to require Borrower to pay in full all amounts owed on the Promissory Note, including principal and accrued interest, on thirty (30) days’ notice.
Exposure togroundwater occurs through the use of water from drinking water wells, andexposure via nongroundwater pathways occurs through runoff/erosion andreleases to air.
You must also authorize the financial institution that holds the Qualifying Home Mortgage Loan to provide the amount of the principal balance of the Qualifying Home Mortgage Loan to the Sweepstakes Sponsor.
If $150,000 will not pay off the Qualifying Home Mortgage Loan then that amount ($150,000) will be applied toward the principal balance on the winner’s Qualifying Home Mortgage Loan.
Median Family WageEstimated Qualifying Home PriceEstimated Affordable Monthly Rent1.