Are you considering a short sale of your house? If so, you’re probably wondering how will a short sale affect your credit score. In this guide, we’ll dive in and help you understand the impact a short sale has on your credit. Let’s jump in… What is a Short Sale? First, let’s quickly go over what a short sale is. A short sale occurs when a homeowner is unable to pay his mortgage and obtains permission from his lender to sell the home for less than what…
Updated: March 22, 2022 While you may have every intention of honoring your mortgage and continue paying it in its entirety, sometimes life throws a wrench into the engine and you need to get out of your mortgage. Maybe you lost your job, you’ve become disabled, or market conditions change and you end up paying a mortgage worth more than your house. One thing is sure, deciding to get out from a mortgage is always super stressful. Therefore it’s always wise to be prepared in advance so…
Behind on your mortgage payments? It happens all the time. A homeowner takes a mortgage out to buy their dream home, only to find out that a few years later they are unable to make their payments. Whether it is losing your job or some other financial challenge you’re not alone if you find yourself in a situation when you are no longer able to pay your mortgage. In this article, we cover what you can do to get out of this situation and put yourself back…
