Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to refinance the debt or extend the term of your mortgage …
Expert Insights: If Faced With Foreclosure, What Are My Options? Read More »
If you’re shopping for a home loan, you’re likely focusing on interest rates. Below are a handful of questions you may have about the art of the interest rate. How are interest rates determined? Interest rates are influenced by shifting economic indicators in your financial market. This type of fluidity means they can change daily, …
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to refinance the debt or extend the term of your mortgage …
Expert Insights: If Faced With Foreclosure, What Are My Options? Read More »
It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on the property you are selling. This loan basically enables you to have a …
A lot will depend on the length of time you plan to live in the home, other financial obligations, and potential savings gained from comparing the monthly costs of a home against the upfront costs and closing costs involved with a particular loan. Also, you will need to be comfortable with whatever choice you decide …
Expert Insights: What’s the Best Way to Choose a Home Loan? Read More »
