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Consequences of Walking Away from Mortgage
Homeowners who owe more on their mortgages than their houses are worth sometimes consider just walking away from the property. But there can be serious consequences to such a move.
One Florida borrower wrote in asking if the credit consequences are not a concern, is there any problem with abandoning mortgage obligations.
But the repercussions of walking away go beyond credit scores. read story
What's The Difference Between Your Credit Report And Credit Score?
After a recent TBL [http://www.courant.com/business/custom/consumer/hc-bottom-line-credit-cards-20120114,0,288554.column] on what's coming in credit cards this year, reader Dave Ellington of South Windsor noted the distinction between a credit report and a credit score.
Refinance Volume Surges as 30 Year Hits Record Low
Mortgage rates have fallen to the lowest level since the 1960s, prompting homeowners to consider trading in their old loans for new ones.
Refis Dry Up Housing Supply in Santa Fe
Lower interest rates have boosted homeownership in Santa Fe, N.M., but they also have reduced sales inventory as more families refinance and stay put.
Credit Executive Says Scores Have Fallen 20-30 Points Over Past Year
Getting out of debt is one of the more popular New Year's resolutions. And frankly, rebuilding credit should be at the top of the list in 2012.
How to Improve Credit Score
When you try to lose weight, one of the first things you need to do is hop on the scale and get a real number.
All-Time Low Again for 30 Year
The average for 30-year, fixed-rate mortgages matched the all-time record low this week.
Best Real Estate Markets
While many areas of the country continue to suffer from falling home prices, some real estate markets are forecasted to see appreciation this year.
2011 Closing Out Near Record Low
Lenders were offering 30-year fixed-rate mortgages to solid borrowers at an average of 3.95 percent this week, according to Freddie Mac, the ninth consecutive week of rates at or below 4 percent.
Struggling Family Wins Free Mortgage Payments
YORK, Pa. -- A Lancaster family answered a knock on their door Wednesday morning and found an early Christmas present. |