Posts Tagged ‘loan modification’

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Loan Modification Offers A Path To Mortgage Stability

In: Mortgage

9 Dec 2009

In these difficult financial times and housing market, loan modification is an important option to keep in mind. It is essentially a process of renegotiating with a lender. Any loan may be changed in this fashion, but it is most common with mortgages.

Find Out How Fannie Mae Could Help You Avoid Foreclosure

In: Mortgage

12 Nov 2009

The Federal National Mortgage Association is one of the biggest mortgage holders in the Unites States, many current mortgages are owned by them. Commonly known as Fannie Mae, it is a privately held corporation owned by stockholders. Because of the current mortgage crisis affecting property owners across the nation the Federal National Mortgage was recently put under government control.

Be Informed When Applying For The Home Affordable Modification Plan

In: Mortgage

17 Sep 2009

Recently the Home Affordable Modification Plan has helped many homeowners avoid the ravages of the declining economy and the rising foreclosure rate. It has given new light to what seemed to be a very dim situation.

Credit Issues and Loan Modification

In: Finance

9 Sep 2009

For people, who owe higher mortgage payments, a loan modification program comes as a blessing. In fact, individuals, who are on the brink of home foreclosures, can also relieve themselves from further misery by applying for a home loan modification program.

Creative Ideas To Help You Save Money In The Recession

In: Finance

8 Aug 2009

There are a lot of people today who insist that you can’t really save any money when there’s a recession going on, but that’s simply not the case. It can be done, but it’s certainly true that it can be more difficult when times are harder. Being creative with your saving during financially tight times also means that you have to be creative with your spending, and that’s something that you can do with a few good ideas. One thing you shouldn’t do is buy into all of the hype going around that says you can’t save any money in a recession and that you’ll go broke because you won’t even be able to make as much as you’re spending.

Will a home loan modification lower your payments?

In: Mortgage

20 Jun 2009

Right now the country is seeing record high foreclosure rates. People across the nation are literally walking away from their homes and letting them go back to the bank. The important thing to realize here is that the banks do not want the homes back. Banks are not in the real estate business, they are in the banking business. Why is this important? If you are in a situation where your mortgage payments are too high due to a financial difficulty, an adjustable rate mortgage, or other reason, there are programs available to re-negotiate the terms of your existing loan to allow for you to stay in your home and get back on top of your home loan.

In Trouble with Your Mortgage Payments? There Is Help Available

In: Mortgage

11 Jun 2009

Right now the country is seeing record high foreclosure rates. People across the nation are literally walking away from their homes and letting them go back to the bank. The important thing to realize here is that the banks do not want the homes back. Banks are not in the real estate business, they are in the banking business. Why is this important? If you are in a situation where your mortgage payments are too high due to a financial difficulty, an adjustable rate mortgage, or other reason, there are programs available to re-negotiate the terms of your existing loan to allow for you to stay in your home and get back on top of your home loan.

The Pros and Cons of Loan Modifications as Compared to Short Sales

In: Mortgage

7 Jun 2009

Consumers need to be aware that there is a big difference between getting a loan modification and going through a short sale. Both of these methods may help a homeowner avoid foreclosure. They are taken care of through assessment and approval in the loss mitigation department of your lender. However, they will not have the same result with respect to your financial situation.

Are Loan Modifications Better Than Short Sales?

In: Mortgage

5 Jun 2009

When you are a homeowner struggling with your mortgage payments you should understand the difference between a short sale and a loan modification. Both of these methods may help you get out of a foreclosure situation. They are dealt with in the same department of your bank by a loss mitigation professional. Homeowners should be aware that the approach you choose may have a very different results on your finances.

How is Your Credit Score Calculated?

In: Mortgage

3 Jun 2009

Most consumers are aware that their payment history has a direct effect on their credit rating, but there are a number of other factors that credit bureaus use to calculate your credit score.


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