Pre-foreclosure can be a stressful and overwhelming time for homeowners. It occurs when a borrower has defaulted on their mortgage payments and the lender has issued a notice of default (NOD). During this stage, the borrower still has the opportunity to bring their payments current and save their home from being foreclosed upon. However, it’s…
Interest rates play a significant role in determining the price of homes. When interest rates are low, it is generally easier for buyers to afford a mortgage, which can lead to an increase in demand for homes and, as a result, an increase in home prices. On the other hand, when interest rates are high,…
Do you remember when real estate financing meant you saved up enough to put 20% down on a house, and then you got a mortgage loan for the other 80%? Well, you can still do that, but there are many more options now. Here are ten of them. Gifting programs. In some parts of the…
If you are concerned about paying a mortgage because you are self-employed, a flexible mortgage could be for you. Being self-employed has many rewards, such as being your own boss, but a downside is erratic pay: you can have a month or two without pay, and then the following month have lots of money. A…