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2 April, 00:33

Which one of these is the best way to prevent foreclosure?

1. Save at least 1% of your home's purchase price annually.

2. Refinance as soon as possible

3. Use a budget to live within your means and build savings

4. Never accept an adjustable-rate mortgage

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Answers (1)
  1. 2 April, 03:50
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    3. Use a budget to live within your means and build savings

    This is always the best option to prevent financial problems like a foreclosure. Budgeting your expenses according to your income, and building savings should prevent any person from defaulting on his or her mortgage payments.

    However, in less ideal situations, if a foreclosure can be reasonably projected in the future, the best option to prevent it is to 2. Refinance as soon as possible
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Home » Business » Which one of these is the best way to prevent foreclosure? 1. Save at least 1% of your home's purchase price annually. 2. Refinance as soon as possible 3. Use a budget to live within your means and build savings 4.
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