What is the Process of Handling Missed Payments?
If you have missed a payment on your credit card or other loan, it’s important to understand how to handle the situation and minimize the impact on your creditworthiness. In this article, we’ll discuss what you should do if you miss a payment, how it affects your credit report, and what steps you can take…
Read Article...What Does it Mean to Port Your Mortgage?
Porting a mortgage refers to the process of transferring the outstanding principal balance, remaining term, and interest rate of a current mortgage to a new property if the homeowner is selling their existing home and purchasing a new one. However, it is important to note that porting a mortgage is not a simple process and…
Read Article...Does it Matter Where Your Down Payment Source Is From?
When it comes to purchasing a new property or home, many people focus on the excitement of finding the perfect place, without giving much thought to where the down payment will come from. However, it’s crucial to understand that the source of your down payment matters a great deal to the lender, and it can…
Read Article...Understanding a Spousal Buyout Mortgage
If you’re going through or considering a divorce or separation and needing some advice on a spousal buyout mortgage, you might not be aware that there are mortgage products designed to allow you to refinance your property. If you’re like most people, your property is your most significant asset and is where most of your…
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