Mortgage Default Explained: What Really Happens When You Can’t Pay Up
By Julie Ryan Evans Jul 20, 2023 (Photo-Illustration by Realtor.com; Source: Getty Images) If you’ve got a mortgage, we hope your mama hammered home how important it is to make those mortgage payments on time, every month. This is not the kind of thing you want to let [...]
Confused by Multiple Offers? Here’s an Easy Guide to Understanding Different Types of Financing
By Lisa Marie Conklin Jul 19, 2023 (Getty Images) Are there any sellers who don’t fantasize about listing their home and landing the ultimate offer they can’t refuse? In a dream world, the best offer would be from a buyer who has secured financing and offers [...]
The Foreclosure Process Explained in 4 Simple Steps
By Jeanne Sager Jul 14, 2023 (Photo-Illustration by Realtor.com; Source: Getty Images) The foreclosure process isn’t something any homeowner wants to go through. Yet unfortunately, foreclosures are up 15% for the first six months of 2023, according to real estate data provider ATTOM’s Midyear 2023 U.S. Foreclosure Market [...]
First-Time Homebuyer Programs to Help You Afford a Mortgage
By Cathie Ericson Jul 16, 2023 (Getty Images) Conventional wisdom says you need a 20% down payment to buy a house, but let’s face it: That sum can be daunting, particularly for first-time homebuyers who don’t have a pile of cash from a property they have just sold. [...]
What to Do When Your Home is Underwater
By Angela Colley Jul 12, 2023 (Getty Images) When you buy a home, you hope it will appreciate in value while you pay off your mortgage, but it doesn’t always work out that way. Sometimes the market fluctuates, home values depreciate, and homeowners find themselves “underwater” [...]
What Are FHA-Approved Condos?
By Tara Mastroeni Jul 11, 2023 (Getty Images) An FHA-approved condo is a property that can be purchased using FHA loans—or loans that are insured by the Federal Housing Administration. These FHA loans are for first-time homebuyers (or someone who hasn’t owned a home in the previous three years). [...]
