Estimated reading time: 4 minutes Side hustles are more popular than ever, and homeowners are among those looking for ways to bring in extra income. According to the Mortgage…
Author: Melissa Syphrett
Estimated reading time: 3 minutes Mortgage payments are an influential factor when it comes to family budgeting and spending, and it’s not unusual for them to change over time. If…
Estimated reading time: 1 minute The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, was chartered by Congress in 1970 to expand the secondary market for…
Estimated reading time: 1 minute Mortgage insurance protects the investor if the borrower defaults on the loan. It lowers the investor’s risk when funding a home…
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…
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…