There can be income tax consequences and personal liability on
certain kinds of mortgages if you lsoe your property in a foreclosure sale.
There can be income tax consequences and personal liability on
certain kinds of mortgages if you lose your property in a foreclosure sale.
A major reason behind FICO's dominence is the fact that VantageScores can not be used for
certain kind of mortgages — specifically Fannie Mae or Freddie Mac.
Not exact matches
Other
kinds of properties may not be eligible for a reverse
mortgage, including homes that are not FHA approved, mobile homes, and
certain condominiums.
This
kind of mortgage is a perfect choice for the consumers with a good credit score and
certain savings allowing large down payment.
This
kind of coverage makes sense when the family wants additional protection for a
certain period
of time, such as until the home
mortgage is paid off or the children are out
of school and on their own.
Some actions you can take include paying off more
of your
mortgage, choosing a higher deductible, foregoing
certain kinds of coverage, improving security and weather protection on your home, buying in a safer neighborhood, and getting rid
of dangerous objects in your home, like trampolines.