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 | 6.99% | 7.06% |
20 Year Fixed | 6.75% | 6.81% |
15 Year Fixed | 6.125% | 6.16% |
All rates shown with 0 points Assumptions |