Delinquent is another term for being late on your payments. Your loan can become delinquent when you miss a payment or don’t make a full payment by the due date. After you are delinquent for a certain period of time, a lender or servicer may begin the foreclosure process. The amount of time can vary by state.
Federal rules may also apply to when the foreclosure may start.
As tax season approaches, homeowners must understand how their mortgages can impact their tax filings. Identifying deductible expenses and gathering the necessary documentation can lead to significant tax savings.
As we step into 2025, the real estate financing landscape presents both challenges and opportunities for homebuyers and the Real Estate agents who guide them. Understanding the current market dynamics is crucial for making informed decisions. At UnrealFi, we specialize in providing the tools, expertise, and personal touch needed to help both buyers and their...
In Illinois, when one spouse takes out a mortgage on a property, the other spouse may be required to sign certain documents related to the mortgage and the property’s homestead rights. Here’s why this is typically necessary: Homestead Rights Protection: Homestead Rights in Illinois provide homeowners with certain protections for their primary residence, safeguarding a...
