What Should I Look For When Choosing a Loan Modification Company?

What Should I Look For When Choosing a Loan Modification Company?

Consumer beware… scam artists are on the prowl and come in all shapes and sizes when it comes to you and your home. Recent information provides that even lawyers and realtors are being investigated for taking advantage of distressed homeowners. So how do you know who to trust with helping you with your home? First […]

Mortgages Are Interest Heavy In Favour Of The Lender - Learn How To Trim Years Off Your Payments

Mortgages Are Interest Heavy In Favour Of The Lender – Learn How To Trim Years Off Your Payments

A home is an extremely important purchase for you and your family. It is also an expensive one. When you come from a rental situation to one of ownership, there are many new costs involved. The largest of these will undoubtedly be your mortgage. Whether you have a conventional mortgage or one that requires CMHC […]

Home Equity Just Part of a Good Rainy Day Plan

Home Equity Just Part of a Good Rainy Day Plan

In the last five years, values of homes throughout the United States have increased dramatically. With that, the American public has resorted to an unprecedented amount of borrowing against their homes. People have used their home equity to consolidate debt, buy vacation homes, and buy more real estate. A few smart people have done something […]

Loan Modification Attorneys - Can They Help?

Loan Modification Attorneys – Can They Help?

A loan modification can be quite helpful to someone who is behind on their house payments. This is not an automatic solution for everyone, but seeking the assistance of an attorney will help you have a better chance of success. Because of the rise in people trying to get their mortgages reworked, lawyers have begun […]

Low FICO Score Mortgage Loan Approvals

Low FICO Score Mortgage Loan Approvals

With the tightening of underwriting guidelines many borrowers are getting turned down because their FICO scores are not high enough to meet the threshold requirements to be underwritten. Foreclosures are at an all time high and every week it seems the tightening is getting worse. Those with low FICO scores are often left out in […]

Mortgage Refinance After Bankruptcy

Mortgage Refinance After Bankruptcy

Sometimes, a person may get into a situation where they are unable to pay their debts. In such cases, filing for bankruptcy is the only option for them. It gives them another chance to fresh start their financial life, but it makes things very difficult for the 5-10 years following the declaration. It is not […]

Picking The Best Home Loan for You

Picking The Best Home Loan for You

In order to decide you need to know what the difference between these two types of interest is and what are the benefits and disadvantages of each one. Fixed Interest Rate If you choose a fixed rate mortgage you’ll be paying the same interest rate for the whole period of the loan and the debt […]

Recent Trends in Loan Modifications

Recent Trends in Loan Modifications

A loan modification is an agreement between a lender and a borrower to change the original terms of a loan in order to make payments more affordable. This can be accomplished by temporarily or permanently reducing the interest rate on a loan or changing an adjustable interest rate to a fixed interest rate. Another method […]