At first glance, a foreclosure and a short sale can seem similar. After all, they both occur when you’re having trouble covering the costs of owning your home. However, if you’re facing one of these two scenarios, you need to know that some important differences exist between them. I’ve laid them out below. Keep reading…
Despite falling mortgage rates, the refinance share of total mortgage volume fell to 32% of all loans in May, down from 35% in April and down from 38% in May 2018, according to Ellie Mae’s Origination Insight Report. The average rate for a 30-year fixed rate mortgage, based on closings, was 4.52% in May, down from…
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