Can I Walk Away From My House After Bankruptcy?

Managing Debt

Can I Walk Away From My House After Bankruptcy?

Can I Walk Away From My House After Bankruptcy?

Bankruptcy and foreclosure can each have serious negative consequences for your credit scores. But what if you experience one and then the other? Is it a double-whammy? Our reader Brent went through bankruptcy nearly seven years ago, and did not reaffirm his mortgage. But he continued to make his mortgage payments, and is still living… Read More

The Surprising Way Your Job Can Impact Your Mortgage

Mortgages

The Surprising Way Your Job Can Impact Your Mortgage

The Surprising Way Your Job Can Impact Your Mortgage

It’s pretty well-known that when you apply for a mortgage, a lender is going to look at your income when deciding whether to approve you. But you may be surprised to hear that your commute can also be a major factor. Here’s what you need to know about getting that mortgage. Occupancy is an integral component of… Read More

Should You Refinance Even If You Plan to Sell Your Home?

Mortgages

Should You Refinance Even If You Plan to Sell Your Home?

Should You Refinance Even If You Plan to Sell Your Home?

Are you interested in refinancing your mortgage, but hesitant to do so because you’re thinking of selling your home at some point? Believe it or not, refinancing could still make sense. Here are several reasons why you might want to consider refinancing anyway. Your Financial Circumstances Could Change Let’s say you plan to sell your… Read More

Airbnb Wants You to Test-Drive Homes Before You Buy

Mortgages

Airbnb Wants You to Test-Drive Homes Before You Buy

Airbnb Wants You to Test-Drive Homes Before You Buy

In a move that makes house shopping slightly less intimidating for the indecisive consumer, Airbnb and Realtor.com just announced a partnership where prospective homebuyers can try out properties for a bit before deciding to buy them. When you think about it, it’s actually kind of weird that we live in a world where a person will… Read More

Should You Prepay Your Mortgage?

Mortgages

Should You Prepay Your Mortgage?

Should You Prepay Your Mortgage?

Having debt, even “good” debt like a mortgage, can be a major stress in your life. It can be especially frustrating when you see how much of your hard-earned cash is going to pay off interest on your loan and not the home’s principal cost. You could end up paying as much as double your… Read More

How We Paid Off Our Mortgage in 7 Years

Mortgages

How We Paid Off Our Mortgage in 7 Years

How We Paid Off Our Mortgage in 7 Years

The idea behind paying off a loan faster than scheduled is pretty simple: It saves you money. That’s a huge part of the reason Andrea Stewart and Jerimiah Honer decided to repay their 30-year mortgage in just seven years — by doing so, they saved more than $130,000 in interest. Now the couple has an… Read More

10 States With the Highest Foreclosure Rates

Mortgages

10 States With the Highest Foreclosure Rates

10 States With the Highest Foreclosure Rates

The national foreclosure rate increased 1% in May from April and increased 16% from May 2014, reaching a 19-month high, according to RealtyTrac, a housing-data company. One in every 1,041 housing units in the U.S. had a foreclosure filing in May, which includes notices of default, scheduled auctions and bank repossessions. For the third month… Read More

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