Buying a home is a major decision that can affect all aspects of your life. Ultimately, you can expect to incur a large debt that will play a major role in your personal finances for many years to come. In fact, according to a quarterly report by TransUnion, year over year mortgage debt per borrower was approximately $191,284 in the second quarter of 20111. To make matters worse, the mortgage process isn’t always an easy one. That’s why it’s important to do your research and learn as much as you can in regards to available services and options.
Perhaps you are looking to refinance your home in order to secure a lower interest rate, or take out a second mortgage to free up some cash for home improvements or other bills and expenses. Take the time to explore this helpful online resource to find helpful news, information, and resources that can assist you along the way. Learn about the different types of mortgages, assistance programs, mortgage terminology, credible lenders, and even find information specific to the housing market in your state.
- ^ Blumberg, Dave. "National Mortgage Loan Delinquencies Decline by the Largest Percent Since Recession Ended." TransUnion. TransUnion LLC, . Web. .