Mortgage Rates

Before you start house hunting, find out how, when and where to get the best mortgage rates available. Arm yourself with expert advice on GOBankingRates before you make a down payment on your dream home.

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Before taking out a loan, it’s important to do your homework. Make sure you’re getting the best terms and rates by reading expert advice on GOBankingRates before you take out a loan you can’t afford.

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Personal Loans

You can take out a personal loan for just about anything, but that doesn’t mean that you should. Find out if this is the best choice for your financial situation and create a payoff plan before you borrow.

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There’s good debt and then there’s bad debt. Learn the difference between the two and find out how to take control of the bad debt that’s plaguing your bank account. GOBankingRates provides expert advice on paying it off for good.

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More in Foreclosure


Understanding Foreclosure

A foreclosure is a legal process in which a mortgage company or lien holder takes possession of a property due to default. If you purchase property and secure financing through a mortgage company, you must sign documents agreeing to repay the home loan over a certain number of years. Although you're the owner of the property, the mortgage company holds the note until you pay off the balance. In the event that you cannot pay your mortgage, the lender is allowed to seize the property and evict you. The mortgage company can then sell the home to another buyer.

Foreclosure is the worst possible situation for homeowners, but a foreclosure can be advantageous for buyers looking for a deal. Learn how to avoid foreclosure and prepare for the worst by building an emergency fund so you won’t miss payments. On GOBankingRates, you can also learn how to buy a foreclosed home.