What is a Term Extension?

One way that a homeowner may modify the mortgage is by receiving a term extension. Every mortgage is for a set number of years, or a term. Conventional mortgages usually have a term of 30 years, but a mortgage can …Read More

My Mortgage Payment is too High – What are my Options?

At one point or another throughout the course of a mortgage, a homeowner may feel that the mortgage payment is too high to be able to comfortably afford it. The homeowner may find that too much of their income is …Read More