When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to … [Continue reading]
What’s Ahead For Mortgage Rates This Week – June 4th, 2018
Last week's economic reports included readings on Case-Shiller home prices, pending home sales and construction spending. Weekly readings on mortgage rates and new jobless claims were released, along with monthly labor-related reports on job creation … [Continue reading]
How To Qualify For An FHA Loan
Borrowers who cannot qualify for a conventional mortgage are often able to obtain an FHA loan. However, to secure this type of loan, you must still meet certain requirements. What Is an FHA Loan? FHA loans are mortgage loans that are backed by the … [Continue reading]
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