Can I Lose My Mortgage if My Homeowner Insurance is Canceled?
Homeowners insurance needs to cover your outstanding mortgage balance so if you no longer have that insurance equal to the balance, you are legally in violation of the terms of your loan. If you are in default according to the terms on your home loan, your lender...
What Happens When You Inherit a House with a Mortgage?
Someone in your family unexpectedly passes away and lo and behold, you now inherit the house along with the mortgage. What do you do now? Just because the homeowner or mortgage holder passes away before paying off the mortgage, the mortgage does not go away. So who's...
Improve Your Credit Score
Everyone wants a quick credit score fix. Google--fix bad credit---3,200,000 results! Unfortunately it takes time to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any...
Explaining the Loan Process
First: Get Pre-Approved Buying a home is a wonderful investment, but it should be approached with the right strategy. BEFORE finding a home, and falling madly in love with a neighborhood, people should first talk to a mortgage loan officer to get pre-approved. ...
Did A Mortgage Just Get Easier to Obtain?
It is so hard to get a mortgage.......not any more. A mortgage just got easier to qualify for. The real estate industry is finally getting it's wish. Lending standards are loosening up. Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday,...
Will Mortgage Rates Rise
Will Mortgage Rates Rise... The question many are asking is --Will Mortgage Rates Rise... No one really knows...but everyone has a theory. There is an expectation for rates to rise because of the Federal Reserve’s plan to withdraw from buying mortgage-backed...