How Does Mortgage Refinancing Work?
A mortgage is a loan from a bank or other lender that helps a borrower purchase real estate. The property you buy is used as collateral, so if you default on the loan, the bank can seize it and sell it to recoup some or all of its losses. A
Recession Alert: What Home Buyers and Sellers Need To Know About the Housing Market
Last year, there were fears that a trade war with China or the fallout from Brexit could torpedo the strong U.S. economy. Instead, it was the unforeseen force of COVID-19, caused by a new strain of coronavirus, that has led the president of the United States to declare a national emergency and made a global […]
Recession Alert: Will home sales and prices go down?
If people are worried about their jobs, and being able to pay their bills. They’re less likely to want to buy a home. Ditto if they’re nearing retirement and the stock market volatility wiped out a big chunk of their 401(k) accounts. But that caution is likely to be at least partly offset by some […]
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