No one goes into a mortgage with plans to default on it. But unexpected things can happen that call for a loan modification. There are now more options to assist in mortgage repayment. The legal community calls it “loss mitigation.” Since it is in both the...
The concept of a mortgage, in its modern form, is relatively recent, dating to the early-20th century or thereabouts, and has evolved into an industry replete with many online mortgage companies. But the financial instrument underlying the mortgage concept is itself...
Looking for a simple refinance definition? Look no further: refinancing is simply the process of taking out a new loan to replace your old loan. People usually refinance when there is an opportunity to save money over the long-term, such as when there are better terms...
Anyone considering a home purchase, refinance their existing mortgage, or an early payoff of their mortgage should estimate the mortgage payment first. An online mortgage calculator is the first and easiest place to start. There is plenty of math that goes into these...
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