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Mortgage Payment Problems: What If You Can't Pay?
April 21, 2003 "I lost my job and have been making my mortgage payment from savings. At some point, I will run out of savings. What should I do? Some variant of this letter is appearing in my mailbox with ... more... How to Deal With a UMB January 28, 2004 Here are some guidelines for dealing with a UMB. Your Shopping Focus: When you deal with a UMB, your major focus should shift from shopping the price of the mortgage to shopping for a broker ... more... |
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down payment loan home house credit problems related definitions |
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Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
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More about down payment loan home house credit problems
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