What Are “Lender Overlays”?

What Are “Lender Overlays”?

Government agencies such as the Federal Housing Administration(FHA) set forth specific mortgage guidelines. One example would be to qualify for a loan the FHA allows a minimum credit score of 580. However, some lenders require a much higher score to qualify for a loan...
Dealing With Your Lender During a Foreclosure

Dealing With Your Lender During a Foreclosure

If you’ve been unable to afford your mortgage payments, a foreclosure might be on the horizon. A foreclosure is a legal process when your mortgage lender takes over your home. Your foreclosure might feel set in stone, but it’s actually a pretty lengthy process that...
8 Ways to Get Out From Under a Mortgage

8 Ways to Get Out From Under a Mortgage

Is your mortgage taking a toll on your financial wellness? If so, you’re not alone. According to a recent study, at least 52% of Americans have to make at least one major sacrifice to cover their mortgage payment. This stress leads many to feel they’re one paycheck...