Sentences with phrase «default on a mortgage once»
It is very difficult to default on a mortgage once it is already paid off.
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Mortgage loans for bad - credit borrowers, no - documentation loans and zero - down - payment loans virtually disappeared once home values began to tumble and thousands of homeowners defaulted on their mortgagMortgage loans for bad - credit borrowers, no - documentation loans and zero - down - payment loans virtually disappeared once home values began to tumble and thousands of homeowners defaulted on their mortgagemortgage loans.
A friend of mine, who works on Wall Street, once asked me, «What do you think is the biggest worry of mortgage lenders - defaults or pre-payments?»