Stepping in the year 2015, we’re on the cusp of witnessing a noticeable shift in the housing market. With a strong tailwind from economic recovery and declining unemployment rates, housing market is heading up for an optimistic start in 2015. Mortgage rates are rising, the
Defaulting on your home loan and having to foreclose your property can be really painful. But at times, walking away from your home is the best, and only, solution you are left with. But foreclosure is not the end of the world. Moreover, you are not
Lenders realize that borrowers are more likely to default on mortgage payments on their second home loan. That’s the reason getting a second mortgage loan approved is always tricky and harder than the first one. But once the lender is convinced that you can afford
If tabloids are to be believed, the much-awaited U.S. housing recovery is on its way. In order to find out how truthful the media reports are, we took a closer examination of the optimistic recovery figures and came out with a detailed report. This report
After all those years, John and Natalie finally found their dream home. They couldn’t wait anymore to move in, so they applied for a mortgage the very next day. But they discovered that they are short of one important document before the mortgage gets approved