The many reasons many homeowners have undergone a loan modification, not only because they are behind on their mortgage payments but also include:
* Going Through a Financial Hardship?
* Have an Adjustable Rate Loan?
* Looking to Prevent Foreclosure/Losing their Home?
* Having Trouble Refinancing?
* NO Equity
* Owe more than their house is worth?
* Looking to lower their payments?
According to Sheila Blair, the Chairman of the FDIC, Read the rest of this entry »
When it comes to bankruptcy reform, the only type that the politicians and bankers like is changes which make it more difficult, more time consuming, and less efficient for borrowers and homeowners. The point is to push foreclosure victims into a difficult bankruptcy, while the banks themselves get bailed out by these same taxpayers to avoid the same fate. Read the rest of this entry »
Imagine what it would be like if you knew the one question to ask your mortgage broker during a refinance that could save you huge amounts of money over time.
Everyone is thinking about refinancing. You know what I mean, don’t you? Mortgage rates are the lowest in a lifetime.
Every day mortgage brokers, loan officers, and mortgage bankers receive phone calls from frenzied borrowers wanting to refinance, especially in these times. Accordingly for many of us interest rates have never been this low and may never be lower again. It is a perfect time to take advantage of the current mortgage rate environment. Read the rest of this entry »
