Homeowners Insurance Company: How To Choose One
It is almost inevitable that when purchasing a new home the homeowner will be required to also purchase a home insurance policy. Many mortgage companies who are granting the mortgage loan will require that proof of the Homeowners insurance policy be shown before the closing on the house. This ensures that their investment into that home is safe in case of damage or destruction.
What Is Default And How Does It Affect My Credit Score?
In simple terms, a loan default is when you have not made your agreed upon loan payments to the lender. There can be any number of reasons why a consumer may not have made payments, but once a certain period of time has elapsed, that non-payment record will become a part of the consumer's credit history. Once it becomes a part of the credit history (or credit record) it is available to be used during the formulation of the consumer's credit score.
Default can occur with an...
Proactively Managing Your Existing Mortgage
A red brick house and a white picket fence - long the American dream of many and in recent years more Americans have been buying their own dream in the form of their own home. Yet, for millions of us we don't have a real good understanding of how our mortgage works completely and as a result don't proactively manage it. There are numerous ways you can cut tens of thousands of your mortgage by taking a few simple steps during the life of your loan.