Losing your spouse to death is distressing enough, but being required to pay his or her debts would only add to your grief. The good news is that surviving spouses are rarely considered legally responsible...
Losing your spouse to death is distressing enough, but being required to pay his or her debts would only add to your grief. The good news is that surviving spouses are rarely considered legally responsible...
Renters who want to purchase their dwelling from their landlord can do so using an FHA loan. You can also use FHA loans to buy a house from a family member. But in certain circumstances,...
When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders...
If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need...
If you’re shopping for a home loan, you may hear references to both qualified and nonqualified mortgages. What are these loans, and how do they differ? Qualified vs. nonqualified A qualified mortgage meets certain standards...
Zombie apocalypse movies are terrifying, but here’s a real horror story: “zombie” mortgage debt that chases you into foreclosure. Don’t let your finances be devoured! What is a zombie mortgage? A zombie mortgage is a...
Your monthly mortgage statement shows that in addition to paying principal and interest, you are also funding your escrow account. What is the escrow account? How is the money in it used? Can it change...
Are you resigned to paying higher interest rates on a mortgage when shopping for a home in today’s market? You may not have to. You could buy a home with an assumable mortgage that was...
It’s frightening to think of someone legally seizing your home, but it can happen if you lose a lawsuit or fall too far behind on your mortgages or taxes. Here’s what you need to know...
Today’s higher interest rates are squeezing would-be home buyers. Less than three years ago, rates were below 4 percent. Now they are above seven, and monthly payments have soared. This has driven home sales down...
