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Estimated reading time: 1 minute The Federal National Mortgage Association (FNMA), known as Fannie Mae, is a government-sponsored enterprise set up to make mortgages available to…
Author: Melissa Syphrett
Estimated reading time: 1 minute A payment deferral allows a lender or servicer to push a set number of missed monthly mortgage payments to the end of the loan. The deferred payments…
Sometimes there just isn’t a financially feasible way to keep your home or you may simply decide you want to move on. One option for doing this quickly and effectively, without the…
Estimated reading time: 1 minute A loan modification changes the terms of your loan. This might be necessary if your circumstances change and you are unable to keep up with the…
Estimated reading time: 1 minute If there isn’t a financially feasible way to keep your home, and you’ve decided to move on, a Deed in Lieu of Foreclosure (DIL) may be an…
Estimated reading time: 1 minute Forbearance is an agreement between a servicer, such as Mr. Cooper, and a borrower to temporarily pause or reduce mortgage payments for a set period…
Estimated reading time: 3 minutes If you’re in the market for a mortgage, you’ve probably come across lenders that offer Pre-Approvals and Verified Approvals. And this may have…
Estimated reading time: 4 minutes If you’re thinking about updating your home for sale or the long term, it’s important to understand what delivers value. Every seven to 10…