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The Key to a Loan Modification

The Key to a Loan ModificationDo you want to get a loan modification? Are you struggling to obtain a mortgage modification? Have you been turned down or is your lender using delay tactics? Well, the key to your success might be simpler than you think.

According to an insider report, loss mitigation experts agree that most mortgage modifications are turned down due to poor hardship letters.

If you do not have Continue reading

FHA Mortgages In Virginia, Maryland and Washington DC

FHA Mortgages In Virginia, Maryland and Washington DCThe Mortgage market has radically changed. If you are in the market to refinance in Virginia, Maryland or Washington DC, it is best that you contact a mortgage lender or broker who is well versed in FHA mortgages, and all other options.

Not all FHA brokers or lenders are the same. They have different parameters and different rates. A well versed broker or lender will have a wide variety of options and will Continue reading

Interest Rates May Be on the Rise

Interest Rates May Be on the RiseIf the federal government makes the move to dampen the home buying frenzy by raising interest rates, home owners could continue to see lower home values, according to a local mortgage. The finance minister recently said that his administration would consider raising the minimum down payment to five percent and reduce the amortization period from 35 years.

If the government Continue reading

Mortgage Guide-Learn About Mortgage

Mortgage Guide-Learn About MortgageTerm mortgage refers to a method that is used to secure the property for the payment of a debt. Generally mortgage is related with the loans secured on real property. In certain cases only land is mortgaged. With the help of mortgage, businesses can easily purchase commercial real estate without paying full value immediately. It is also beneficial for the individuals to buy residential property.

In some countries Continue reading

Mortgage After Foreclosure – Easy As 123

Mortgage After Foreclosure - Easy As 123Getting a mortgage loan after foreclosure is not the impossible task many people believe it to be. In this article I will reveal exactly how a friend of mine managed to get a mortgage exactly 18 months after going through a foreclosure on her previous home.

If you have been through a foreclosure then owning your own home can and should be more than a dream. After helping my friend do exactly this if there Continue reading

What is a Mortgage?

What is a Mortgage?Every homeowner knows what a mortgage is but do you Many people have heard that term on movies, television shows, and commercials but don’t really know what it really means.

To put it simply, it’s a loan where you are using your house as collateral. The difference between this and a normal loan is that your house becomes your backup just in case something happens and you are unable Continue reading

How to Refinance Home Equity Mortgage?

How to Refinance Home Equity Mortgage?Need a quick way to save some much needed money in this recession? One of the easiest ways to save a big chunk every month is through refinance home equity mortgage. Now what does this actually mean? This means that you take your home equity mortgage and you do a refinance. Through a refinance, you will be able to 1) lower your interest rate on your mortgage or 2) cash out the remaining equity on your home.

Lowering Continue reading

Mortgage Modification Procedures of 3 Major Financial Institutions

Mortgage Modification Procedures of 3 Major Financial InstitutionsModification of a Wells Fargo, Chase, Bank of America (Countrywide) loan is a great option for homeowners struggling to meet their financial obligations. One of the remarkable features of loan modification is “reduced loan interest rates”.

PROCEDURES FOR WELLS FARGO LOAN MODIFICATION

“Wells Fargo” loan modification is based on the negotiation between you as a borrower Continue reading

Are You Considering a Second Mortgage?

Are You Considering a Second Mortgage?Some people who have a lot of debts, or who need to undertake some major renovations on their home, may consider taking out a second mortgage. Second mortgages are not the same thing as getting a remortgage. When you remortgage you have either completed your first mortgage and need a secured loan for whatever purpose, or you are looking for a better mortgage deal than your existing Continue reading