Stated income mortgage loans – A stated income mortgage loan was designed for borrowers who can’t verify their income with traditional income documentation, typically these borrowers are self-employed or work for tips have seasonal employment or work on commission. A stated income mortgage loan is a good option if you would have difficulty proving your income. The income that you state Continue reading
Emotional involvement will be the biggest obstacle that most Connecticut homeowners face when applying for a refinance home loan mortgage. The problem is that when you meet with your mortgage lender to get a Connecticut refinance mortgage you will most likely become too emotionally invested in the process.
Don’t get me wrong, you should be emotionally invested in the process, but you should Continue reading
The increasing real estate interest rates are making it more and more difficult for people to pay off their loans. This is the reason why more borrowers are defaulting on their loans than before and why an increasing number of properties are ending up with foreclosures. It is quite a sorry situation indeed and the effects of this trend are felt more in the advanced states of New York, California, Washington Continue reading
Those that are seriously considering applying for a loan modification program need to be aware of the many steps involved with the process. Because a loan modification changes the original terms of the loan to ones that are more agreeable, the modification will not be issued flippantly. Rather, only those with a dire need for mortgage help will be approved.
This is why an Affidavit of Hardship is required Continue reading
When it comes to finding legit loan modification companies, the search can be wrought with frustration and pitfalls. The credit crisis has put a lot of people in difficulties and the scammers just seem to have grown tenfold. In this article, I am going to reveal the 3 things that you must watch out for when looking for a legit company.
Minimum 3 Years Of Operating This is the surest means Continue reading
There are few things as stressful as having the threat of foreclosure looming over you. When you reach the point where you are facing possible foreclosure the negative reflection on your credit reports as a result of the delinquent payments ensure that most of the options to help you out of the financial hole you are in, such as refinancing or personal loans, are not available Continue reading
Warning – this is a memo on the Art of Note Brokering. It was prompted by a note broker friend of mine who recently sent me a one-line update on what he had available for me: “Turnkey investment – Newly rehabbed middleclass homes (former REOs) with large equity positions, leased, and positive cash flow in a market beginning to rebound.” I think you achieve Jadedness levels of ’10’ when those Continue reading
Falling behind on your mortgage payments does not lead inevitably to foreclosure. At each stage of the process, you have options that can help you save your home, credit, and dignity. Especially if Fanny May or Freddie Mac backs your mortgage, you may take advantage of several federally sponsored programs specifically designed to relive homeowners’ distress. Of course, Continue reading
Canadian housing financing institutions typically performed a lot better than their international peers over the economic downturn. Canada’s significant banks always been profitable, seeing that cumulative write-downs were being much less compared to those suffered by simply major U. S. as well as European banking institutions. Moreover, buyer confidence inside Canada’s Continue reading
Buying a home can be an exciting and stressful time for anyone. While you may be excited at the prospect of owning your own home, especially if it is your first home purchase, the idea of choosing between all of the many different types of mortgages may leave you feeling confused and apprehensive.
Two of the most common choices you’ll find in the mortgage market are adjustable Continue reading