Tag: Mortgage Servicer

Bought a Home, Got Laid Off: Options for Homeowners Facing Financial Hardship

Nov 22, 2024

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by

Deeds.com

in Real Estate

It’s possible to receive a final approval for your mortgage, make it through closing day, get your deed, and then… get laid off. It’s also possible to have an unexpected employment change before you close. When calamity strikes the innocent borrower, what’s next? What steps are best taken to make the path ahead bearable? Let’s…
“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage

Aug 30, 2023

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by

Deeds.com

in Mortgage

Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%. An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner.…