Debt Settlement, Loan Modifications and the Foreclosure Epidemic

Debt Settlement, Loan Modifications and the Foreclosure EpidemicConsumer debt continues to climb each year. Clearly, Americans have a problem spending more money than they have. Debt to income ratios have been increasing significantly with consumers as incomes are declining while outstanding balances increase at a rapid pace. Over the last ten years, homeowners have been able to take out home equity loans and consolidate their credit Continue reading

How to Refinance a Mortgage – Steps Good Borrowers Take

How to Refinance a Mortgage - Steps Good Borrowers TakeEveryday home owners across the country refinance their mortgages for a variety of different reasons. The biggest reason is to consolidate high interest debt into a lower interest and lower payment loan. People also refinance to get a lower interest rate or to change over to a fixed rate loan. But many people go into the process blindly with out preparing or finding out how to get the best Continue reading

What Information Should You Have Available When You Apply For a Mortgage?

What Information Should You Have Available When You Apply For a Mortgage?If you want your mortgage application to go smoothly and quickly, there are some steps you can take to improve the chances of this happening. Having the proper documentation will make things easier for both you and your potential lender, so it is a good idea to gather this information in advance, especially if you are interested in closing on a property quickly.

Here Continue reading

Private Lenders Can Get You the Mortgage Terms You Want

Private Lenders Can Get You the Mortgage Terms You WantThere are two primary places that you can find money to support your new home purchase, commercial banks and private lenders. Although there are a few more, these are the ones that people turn to first.

Commercial banks usually have terms put out on the table that you are either expected to accept or decline, based on how you feel about the terms offered. You simply give Continue reading

Getting Rid of PMI When Underwater

Getting Rid of PMI When UnderwaterYou need to purchase private mortgage insurance or PMI if you put down less than 20 percent on your mortgage. It gives your financial institution an opportunity to recover some of its losses in case you face difficulty at the time of repayment. However, it’s not economical and therefore homeowners tend to stay away from it.

During the boom years, majority of homebuyers were not that bothered Continue reading

Obama’s Loan Modification Plan – Do You Qualify?

Obama's Loan Modification Plan - Do You Qualify?Are you tired of struggling with those mortgage payments? Perhaps it is time to make a change! President Obama has a new plan for homeowners who are struggling to make their monthly payments. Consider that there is 75 billion dollars out there for qualified homeowners. Why shouldn’t you be one of those who takes advantage of this plan and get some help for your payments? Perhaps you have been threatened Continue reading

Federal Loan Modification Plan

Federal Loan Modification PlanIf I don’t qualify for a home refinance, do I qualify for the federal loan modification program? The answer is yes. The 2009 federal loan modification program was designed with a dual purpose in mind. It can stop current and future foreclosures and help those that do not qualify for normal home refinancing.

The rapid decline in the real estate industry has directly impacted the values of American Continue reading

How Do I Find the Best Loan Modification Service?

How Do I Find the Best Loan Modification Service?Everyone wants to find the cheapest, most reputable companies when it comes to mortgage loans and finding someone who is not going to “go bust” and you lose your home. Your home is obviously somewhat important if you are trying your best to continue your payments on your mortgage.

There are multiple ways in which people have been successful in seeking out a good mortgage loan modification company Continue reading

Sell Your Home With the Help of Seller Financed Mortgage Notes

Sell Your Home With the Help of Seller Financed Mortgage NotesIf you’re not in the position of needing to sell your home, then you can easily ignore a lot of the instability found in the real estate market. For those in the middle of the housing crisis, you need to remember that not everything is daunting. In today’s world, one in five homes end up being sold through a form of seller financing. Instead of the buyer trying to get traditional Continue reading

What You Must Know About an Online Home Loan

What You Must Know About an Online Home LoanAre you among the growing number of people trying to source online home loan? Can you differentiate between it from traditional banks from other lenders? You stand to be enlightened by this write up.

Basically, you should know that there are different kind of lenders and most of them are a good avenue of securing an online home loan but there mode of operation slightly differs Continue reading