Are you about to lose your home, go through foreclosure, and destroy your credit? If so you’re not alone. Countless families across the country today are dealing with the very same problem today.
Consider one family’s story – the LaVan family. They had a beautiful two story home in a great neighborhood and things were going [...]
Posted in Blogging | Tagged foreclosure, house, sell, stop, Strategy, the, to
It appears to be a widely-held view that one of our biggest financial commitments in life, if not THE biggest, is the mortgage we take on to buy our home. And though it is vital for someone to take advice on such a major expense, why can you still be left feeling confused AFTER having [...]
Posted in Blogging | Tagged fewer, have, Mortgage, one, problems, simple, to, way
Despite the negative press we are pounded with daily concerning the state of the housing market, and the difficulties in the banking system, it is actually a great time to purchase a home. Prices have not been this low in years, interest rates remain at historical lows, and buyers have tremendous bargaining power. [...]
Posted in Blogging | Tagged 5, a, Finance, Home, sizzling, summer, this, to, ways
After falling for most of the month of July Mortgage interest rates jumped up. And not only did they move up they jumped to the highest levels we have seen in 2008. 30 Year rates jumped from 6.26 to 6.63 last week. To put that in perspective for the entire month of [...]
Posted in Blogging | Tagged 2008, highest, in, jump, level, Mortgage, rates, seen, to, up
If you want to stop foreclosure now there are many things you can request to the bank or lender if you want to keep your home. The things you can do include a reinstatement plan, repayment plan, loan modification, loan refinance, loan forbearance, and more. If you really want to keep your home you should [...]
Posted in Blogging | Tagged basic, can, do, foreclosure, now, stop, things, to, you
Getting the best mortgage rate is the topmost factor on everyones mind while applying for a home loan. There are many lenders who are willing to give you good deals. There are also some who will seem to charge you less but have many hidden costs. You have to be careful when choosing your [...]
Posted in Blogging | Tagged and, best, get, how, Mortgage, one, rate, to, when
With house prices falling all over the country, maybe now would be a good time to make a move onto the property ladder. In reality, the credit crunch has priced some first time buyers out of the market, unable to secure a mortgage or afford the high rates that are being offered. Yet, if funds [...]
Posted in Blogging | Tagged buyers, clambering, first, get, ladder, on, property, the, time, to
The loan process you follow when searching for a construction loan has some similarities to that of obtaining a regular mortgage. You will still be judged on your income, credit, savings and monthly debts just like a regular mortgage.
However, with a construction to permanent loan, there are a few additional factors that lenders consider. Since [...]
Posted in Blogging | Tagged about, construction, how, know, Loans, need, really, to, what, Work, you
Stated income home loans are now a thing of the past as Fannie Mae and Freddie Mac suffer with more defaults. Now consumers must qualify with full documentation and won’t be able to qualify due to debt to income ratios. This will affect over 70% of California and Florida homeowners needing to refinance their adjustable [...]
Posted in Blogging | Tagged best, get, helpwhat, is, loan, modification, modified, my, the, to, way