Default
Updated 04/29/2024

A mortgage default occurs when a borrower fails to make monthly payments on a house loan’s principal or interest. However, credit card and student loan defaults are also possible. When a borrower consistently misses payments or stops making them altogether, there can be substantial long-term and short-term consequences. A mortgage default can result in a borrower losing their home and harming their credit score. Defaulting might also raise the borrower’s interest rate on other loans and make it difficult to qualify for a future loan in the long run.

Mortgage Guides

Conventional, VA, FHA, etc. What does it mean?

Local Guides

Explore the best of Middle Tennessee

View Floor Plans and Get Prequalified For A Home Today

Brian/DestinyHomes

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Dalton/Ardent

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Emily/Parkside Form

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Samantha/SmithDouglas

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Brittney/SignatureHomes

First Name(Required)
Last Name(Required)