Monthly Archives: November 2019
Homeowner Rights During Foreclosure
Obtaining your lender’s note of foreclose doesn’t mean that you’ve run out of choices. Foreclosure is a legal procedure which is included with legal rights for both sides; yours include the right to challenge the foreclosure in court, to prevent foreclosure by paying off the loan and to seek federal assistance if your loan is […]
How Money is Made by Mortgage Lenders
Lenders are in the company of making money from loans. Mortgage lenders lend straight out of their own funds, so they are different from agents who earn money acting as intermediaries between lenders and borrowers. Lenders can utilize depositor’s funds or they may borrow money from larger banks in a preferred interest rate to finance […]