New Mortgage Rules On The Horizon?

New mortgage rules will raise interest rates and lower consumer purchasing power.

What you need to know before you default on your mortgage

Right now there are many people facing tough times with the economy. Whether it is a layoff or cutting back of income at work. Or maybe a death in the family and you were not prepared with adequate insurance. There are numerous factors that can cause you to fall behind on your mortgage payments and/or debts.

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