What is Foreclosure?
It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
PROGRAM | RATE | APR |
30 Year Fixed | 7.25% | 7.279% |
20 Year Fixed | 7.25% | 7.287% |
15 Year Fixed | 6.5% | 6.545% |
All rates shown with 0 points Assumptions |