A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The most important qualification for getting a Loan modification approved is a valid hardship. Hardship can be that you’ve been laid off, hospitalized, unable to work, or mortgage loan adjusted to a higher interest rate, was deceived into a loan, went through a divorce, Continue reading
One of the major problems with employing a financial adviser is that when they tell you to do something, you usually follow it as gospel no matter how wrong it may be.
Because your financial future is so important and you have to take great care in order to make all the right decisions, you should be advised against certain financial decisions that can wreck your chances Continue reading
Do you remember when you first moved into your house? You were ecstatic. It was a relief to be finally out of your claustrophobic apartment. Finally, you get to step out into a lovely yard overflowing with soft, fresh breeze. It’s a sharp contrast to your apartment where you only step out to a narrow hallway that was anything but friendly.
Your house was not perfect, Continue reading
1. The main part of the appraisal is the subject information. If this information is incorrect and the underwriters can’t identify the data that they need, the appraisal will have to be reviewed for accuracy. For example, when reviewing an appraisal in Spokane, WA, I noted that the parcel number was incorrect. This is one of the reasons why this appraisal was under review.
When the parcel number Continue reading
When you want to refinance your mortgage, there are several factors that you should put into consideration. One of them is the refinance mortgage interest rate.
When you apply or enter into a transaction that will have an interest, careful consideration should be taken into account with regards to the rate and duration of payment.
Most people who have had issues Continue reading
Before you purchase a new home, there are a few things you should know. These tips will help make the buying process a lot easier on you.
If you do not plan on staying in the same place for a few years, do not buy a new home. Securing a new mortgage can be expensive when you consider closing costs and Realtor commissions. Consider a new home if you plan on staying there at least Continue reading
The Reverse Mortgage Broker Agreement is different from the usual kinds of mortgage agreements because it doesn’t require the home owner to move out of the home while it is mortgaged. This reverse mortgage has become increasing popular with senior citizens because relocating is a tedious task for them.
Get Double Advantage
In a reverse mortgage broker agreement, the homeowner Continue reading
As everybody knows, the mortgage industry tanked in 2008 and many people lost their jobs and their homes. Most employees that were working for wholesale and retail branches in the mortgage industry are still unable to find new jobs because the economy hasn’t fully recovered, many mortgage companies went under, and they aren’t trained to work in other industries. I myself became accustomed to making Continue reading
Bad credit can happen to the best of us. One change in your current situation can take a toll on your finances and leave you with a less than desirable credit score. There are many ways in which this can have negative results on your life and your situation. If you have bad credit then you will have a more difficult time obtaining more credit, you can find that you are required to pay security Continue reading
There is not much that the typical person wouldn’t do to qualify for a low-interest, low-risk loan that they could use to pay down high-interest debt or meet other unexpected (but important) expenses.
Fortunately, if this describes your own cash needs and you are a homeowner, you just might be in luck. You may be able to take out a bad credit second mortgage loan by using the equity Continue reading