Loan-Mod Companies Under Fire- Be Careful!
When the unemployment rate is near 10%, it’s really not hard to see why people may have a hard time paying their mortgage on time. What do you do if YOU are one of those people? Where do you turn? Who do you call? The point of this brief article is to direct you to a LEGITIMATE source that may be able to help you if currently in a financial bind. First and foremost, do NOT pay attention to...
July 21st, 2009
Do You Qualify for the $8000 Buyer Tax Credit?
The government’s $8,000 first-time home buyer tax credit has been a source of some confusion by those who might be eligible, but aren’t quite sure if they fully meet the criteria. Now you can take a simple, 5-question quiz to find out if you qualify: Do You Qualify for the $8,000 First-Time Home Buyer Tax Credit? The great thing about this new quiz is that it was developed as a widget...
July 20th, 2009
Get Approved for Obamas Mortgage Refinancing or Modification Stimulus Plan
There are millions of homeowners who can take advantage, right now, of President Obamas mortgage stimulus plan. This plan will allow a homeowner to get a mortgage refinancing or home loan modification into a fixed 4.5% interest rate. A typical homeowner will save hundreds of dollars per month using this plan, here is how to get approved: -Homeowners facing financial hardships, and can prove them,...
July 19th, 2009
President Obamas Stimulus Mortgage Refinancing or Modification Plan
Homeowners can easily save hundreds of dollars every month by taking advantage of President Obamas “Making Home Affordable” plan through refinancing or getting a home loan modification. This plan makes millions of homeowners facing financial hardships, or other problems including foreclosure, a chance to get a low 4.5% fixed rate mortgage. Here is how you can use this plan for yourself: Here...
July 19th, 2009
Mortgage Refinancing and Modification with Bad Credit
Having a bad credit rating may result in you being turned down for loans, credit cards, auto financing, and home mortgages. People who have bad credit and are not sure where to go, often turn to a credit union or bank. Typically though, these lenders do not offer loan to people with bad credit. In order to get approval, you must work with the right type of lender, especially if you have bad credit. Are...
July 18th, 2009
President Obamas Home Loan Modification and Mortgage Refinancing Stimulus Plan
President Obamas “Making Home Affordable” plan will allow millions of homeowners the chance to get a 4.5% fixed rate home loan through refinancing or mortgage modification. Here is what you need to know: These are some of the eligibility requirements that a homeowner must meet in order to use President Obamas “Making Home Affordable Plan” for themselves: -Homes which have...
July 17th, 2009
Writing an Effective Letter of Financial Hardship for Mortgage Modification or Refinancing
When applying for a loan modification you will be required to provide the lender with a hardship letter. This can be the hardest part for a homeowner because many are not sure what to write and some become overwhelmed. Here will be a sample of a hardship letter that will explain the basic feel that should be used in the letter. Provided is a sample hardship letter along with instructions for what...
July 17th, 2009
2009 - 2010 Mortgage Rate Predictions
Mortgage rate predictions for 2009 can be a little tricky to predict. However, we do have some solid information to use and make a good prediction from. Here, I will predict mortgage interest rates for the rest of 2009, and a few months into 2010. Mortgage interest rates earlier in the year were around 4.69% for a typical 30 year fixed rate mortgage. These represented the lowest interest rates of...
July 17th, 2009
GMAC (Ditech) Mortgage Refinancing and Modification Options
Homeowners who have a mortgage with Ditech (GMAC) should use President Obamas stimulus plan to get a refinance or home loan modification. The “Making Home Affordable” plan from Obama will allow homeowners a chance to get a low 4.5% fixed rate through refinancing or mortgage modification Here is some information for homeowners looking to save money through this plan: Homeowners everywhere...
July 17th, 2009
