If you've never heard of it, you may wonder "what is a deed in lieu of foreclosure?" And "how could it stop foreclosure?" What is this type of stop-foreclosure deed? Often referred to as "deed in lieu," a borrower will use this document to stop foreclosure proceedings. It conveys back to the lender all of the borrower's interest in the property that was used as collateral in … [Read more...]
Home Refinance – Consider The Costs
Home refinance fees generally run between 3% and 6% of the outstanding principal. This varies between states and from lender to lender. Add the differences in equity, credit scores, and personal banking relationships. It becomes impossible to predict exactly what you will have to pay for your home mortgage refinance. One thing is certain - you must consider the costs of … [Read more...]