How Many Mortgage Loan Payments Can I Miss Before Foreclosure?
Under normal circumstances, you might miss four mortgages before foreclosure. But it also depends on several factors, including your lender's specific policies and the real estate market. However, (during the COVID19 pandemic) the federal government has protected mortgages guaranteed by the Federal Housing Administration (FHA) or supported by Fannie Mae ...
Mortgage terms: New Home Financing 101
If you are not familiar with real estate purchases, it is helpful to know different terms related to mortgages. Therefore, improve your financial savvy and confidence by reading these mortgage terms. Adjustable-Rate Mortgage (ARM) The adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate on the ...
FHA Loan: What Should You Know?
If you're looking to purchase a new house or even a fixer-upper, you might be wondering what an FHA loan is and whether it is suitable for you. These are the ten main factors that set this type of mortgage apart. What is an FHA Loan? An FHA mortgage is ...
How to learn if mortgage insurance is worth it?
Purchasing a new house is both exciting and stressful. The majority of new homeowners believe they have overpaid for all of the costs related to their acquisition. Although some of these expenses are necessary, others, such as mortgage insurance, require careful consideration. So, should you add mortgage insurance payments ...
Home Insurance vs. Mortgage Insurance
Buying a property for the first time can be perplexing, especially when trying to decipher the myriad terminologies associated with the process. As a result, don't mistake home insurance with mortgage insurance while deciding the type of insurance. What is Home Insurance? Family property insurance can protect you financially if ...
Side Hustle To Pay Off Mortgage Faster: 4 Simple Ways
Are you considering a side hustle to pay off mortgage faster? The thought that you still have a mortgage payment to make can be debilitating. More so, when it doesn't seem you are making such a huge headway in paying up faster. For some people, it can be draining and ...
