Buying houses in foreclosure is cheaper, simpler and slightly different from buying a resale. A foreclosure takes place when a home owner or a property owner cannot pay the mortgage on a property. He is forced to give up the land or building in order to pay off the debt. If you want to buy a property, it’s better to go for one in foreclosure because buying houses in foreclosure is a bargain.
fico score percentage – Some Misconceptions Cleared There are many misconceptions surrounding the Fico score. It is important to get your facts straight to avoid confusion in an important part of your financial life. For starters, there is a huge difference between your Fico score and your credit reports. The Fico score is a statistical […]
The most important characteristic of a traditional mortgage is the fixed interest rate. It follows the simple ‘low risk, low profit’ principle. Your interest rate remains fixed throughout the tenure of the loan and this means that you can anticipate your monthly repayment and can plan ahead for it