mortgage debt forgiveness facts

From 2007 to 2016, the U.S. saw 7.7 million foreclosures. Today, the rate of mortgage defaults is in decline, but we have yet to reach pre-crisis levels. Foreclosures and short sales often require lenders to forgive part a mortgage’s balance. If creditors have forgiven part of your mortgage or you’re planning to settle with your […]

Invest or pay off your mortgage. Find out which one makes sense for you.

You’ve come into some extra money. Maybe a relative left you an inheritance, or your employer gave you a holiday bonus. Or maybe you’ve set up your budget to get you some extra savings each month. You want to use this extra cash to improve your financial situation. But what’s the best way to do […]

How to save money on mortgage closing costs

A home is probably the most expensive purchase you will make in your lifetime. Even relatively affordable houses cost hundreds of thousands of dollars, and mortgage loans can last decades. As such, choosing the right loan is an essential part of the home buying process. When comparing loans, people often look at the length of […]

Chinese Real Estate Investors Reverse Decade-Long Buying Spree

Since 2008, Chinese real estate investors have spent tens of billions of dollars on commercial properties in the United States. In many cases, they’ve overpaid to acquire hotels, office buildings, and empty lots to build new residential spaces. But according to a report by the Wall Street Journal, all of that came crashing down in […]

Mortgage interest deduction Should you get a mortgage cosigner?

Can you renegotiate your mortgage to get better terms without refinancing? It’s possible. Banks do renegotiate mortgage contracts in certain situations. However, you need to give your lender a good reason. Here’s everything you should know and mortgage renegotiations including valid reason lenders accept, the process, and answers to frequently asked questions. What are valid […]

At the end of Q1 2019, more than 5.2 million Americans were seriously underwater on their mortgage. That means that 9.1% of all homeowners possess negative equity. If this applies to you, you’re probably wondering what you can do to minimize your losses. Refinancing may be a helpful solution. But is it possible to refinance […]