Posts Tagged ‘borrowers’
New Qualifications For Buying a Home – FHA Loan Limits Revamped For 2009
One of the official duties of the new president was to ensure the FHA loan limits would change. With the fall of Fannie Mae and Freddie Mac it has been essential to try and re-stimulate the economy. The stimulus bill has allowed for Fannie Mae and Freddie Mac to guarantee loans at new limits. It has also changed how the FHA loan program works. [...]
Information on Obama’s Loan Modification Program – The “Making Homes Affordable” Plan
President Obama's Making Home Affordable loan modification plan will help as many as 5 million American homeowners to keep their homes. There is a $75 billion pool of funds offering lenders, borrowers, and servicers' incentives for participation. This article contains information on the plan's main features, and who is eligible as a homeowner for [...]
Guide to Free Debt Consolidation
By Mansi Aggarwal There are innumerable people under debt who are plagued by the pressure of paying back their dues to collection agencies. This calls for consolidating their debts. Debt consolidation is a process that saves an individual from handling large debts of multiple creditors thru a debt management program. The debt management program [...]
Loan Modification For Second Loans With Obama’s Federal Program
By Susan V. Gregory Homeowners facing financial hardship may qualify for help on their second mortgages with the federal loan modification plan enacted by President Obama. The very aggressive loan workout program is aimed at reducing mortgage payments so that borrowers can avoid foreclosure and stay in their homes. This plan is extended to [...]
Wells Fargo Loan Modification & the Obama Federal Program
By Susan V. Gregory A Wells Fargo loan modification is easier now for distressed borrowers with the Obama federal plan. This government loan workout offers the opportunity for millions of homeowners to reduce their interest rate and achieve a low affordable monthly mortgage payment. Do you know how to apply for a Wells Fargo loan workout [...]
