What Really Happens if You Default on a Mortgage? – You can try to negotiate a settlement or payment arrangement of some kind to avoid a lawsuit, but if that doesn’t work, you’ll have to go to court. If that happens, you can try to show that you’re judgment-proof, which basically postpones the lender’s ability to attack your bank accounts or garnish your wages.
What Happens to Debt After Divorce? – When you consider that 40-50 percent of marriages. In that case, Boyle says most couples go to their mortgage company and ask it to approve the remaining spouse to refinance the home in their name.
Mortgage branch opportunities at Sente Mortgage. – A Plan for Opportunity. At Sente we give our branch partners a strategy to continuously grow your business. Our goal is to take the road blocks out of your way, provide a 5-star experience for your borrowers, and give you an actionable plan to grow your mortgage branch year over year.
A Consumer's Guide to Mortgage Refinancings – The Fed – When you refinance for an amount greater than what you owe on your home, you can receive the difference in a cash payment (this is called a cash-out refinancing). You might choose to do this, for example, if you need cash to make home improvements or pay for a child’s education.
Mortgage Discrimination: What to Do If It Happens to You – It’s hard enough to buy a home, without someone gaming the system against you. Although the predatory and discriminatory lending practices that fueled the 2008 housing crisis have since been forbidden.
How to Tell When Refinancing Makes Sense – Refinance to Save Money. Yes, you’ll pay off the debt with a lower interest rate, but you’ve also put your home at risk. If you default on credit card debt, it’s unlikely that the credit card company can foreclose on your home. But once you pledge your home as collateral by using a mortgage loan, your home is fair game.
9 Options When You Can’t Afford Your Mortgage Anymore. – 1. Ask Yourself, Can I Refinance My mortgage?’ mortgage rates change frequently, so refinancing can lower your payment and save you a bundle if the rate you’re paying is higher than rates on new loans.
What Happens to the Equity if I Refinance? – Budgeting Money – A home-loan refinance may lower your equity in the property. If you’re having trouble paying a mortgage, one option is to refinance. This means taking out a new loan with a lower interest rate, which should lower the monthly payment. A refinance can simply mean trading for a new loan,