The problem of inheritance: what happens to the mortgage after the death of the borrower

According to a report from the Federal Reserve Bank of New York, Americans have $12,35 trillion in home loan debt, accounting for 72,4% of all consumer debt in the country. With so much debt associated with decades-long mortgages, many borrowers are unfortunately leaving…

Buy or Rent: Five Ways to Know if You Can Get a Mortgage in the US

A young couple rushed to buy a house for $730, but now they can't sleep at night. About the checklist of 5 points that will help you find out if you are really ready to buy a house, says Yahoo. Ramit Sethi doesn't think buying a home...

Four major US cities where buying a house is cheaper than renting

Renting has skyrocketed across the country in recent years, as have mortgage rates. But there are 4 major cities in the United States where it can be more profitable to take a house on a mortgage than to rent, according to TheHill. When it comes to big cities...

Tip of the Day: Three Easy Ways to Improve Your Credit Score

A higher credit score can provide a good interest rate when you take out a mortgage or car loan. Usually, an average FICO score is not enough to get the best mortgage rates, writes Time. "You should never aim for an average"...

Without a credit rating and a down payment: Bank of America launched an affordable mortgage program

Imagine being approved for a mortgage on your dream home without having to make a down payment or have a specific credit score. This could become a reality for borrowers in 21 cities after Bank of America announced a new mortgage...

Housing in the USA: 10 life hacks that will help you save a lot on your mortgage

According to Value Penguin, the average monthly cost of a mortgage in the US is $1492 per month. As such, it tends to be one of a person's biggest expenses, according to the Entrepreneur. If you want to reduce this monthly payment faster, you can implement several…

Seattle retirees live on cruise ships: it turned out to be more profitable than paying a mortgage

A Seattle couple sold their home to live on cruise ships because it's cheaper than paying a mortgage, Insider reports. With just one suitcase each, the Seattle couple left their home and job to live on cruise ships…

Inheritance mortgage: how to reissue a loan from deceased relatives and save a house

A mortgage is a fairly long-term loan. Sometimes it happens that the borrower dies before the final payment. What should children or relatives do in this case and is it possible to renew the mortgage on themselves in order to live in peace in the house, Fox told the publication ...

$ 9 debt destroyed a California resident's credit rating and made it impossible for her to get a mortgage

The woman described how opening a credit card store at Home Depot destroyed her credit score and jeopardized her chances of buying a home after she forgot about the $ 9 paint fee. The Daily Mail reported in more detail. ...

19 million Americans can save money: mortgage refinancing has never been more profitable

A record 19,4 million homeowners in the US can now make significant savings from mortgage refinancing as rates hit new lows. More details were told by CNBC. The average interest rate on the popular fixed 30-year mortgage has already set record declines 13 times this year. ...

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