Loan

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Mortgage Options When Interest Rates Are Rising

Mortgage rates have been relatively low for years. Seeing them inch up can cause home shoppers to panic and possibly put their home purchase on hold. The good news is that there are options when mortgage rates are rising. First, it’s worthwhile knowing that small increases in mortgage interest rates shouldn’t affect buyers too much …

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Expert Insights: If Faced With Foreclosure, What Are My Options?

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 …

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