Understanding the Bank Repossession Process
When looking for a way to stop bank repossession, it’s important to take the time to understand the process and know which steps come next
Feb 17 2011 | Posted in Mortgages | Read More »
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After Hitting Historic Lows Mortgage Rates Jump Up
by dane After falling for the last 2 months 30 year mortgage rates jumped up this week. The 30 year mortgage went from 5.10 to 5.25. This is the highest we have seen December 11, 2008. The 15 year mortgage moved up as well from 4.80 to 4.92. Below are rates for the last few [...]
Feb 15 2011 | Posted in Mortgage News | Read More »
Wells Fargo Loan Modification – Important Debt Ratio Qualification Information
Homeowners can pre-qualify themselves by learning how to calculate their own debt ratio, how to arrive at a target modified mortgage payment and how to complete the required loan modification forms properly.
Feb 8 2011 | Posted in Mortgages | Read More »
What are the chances of getting a loan modification through Saxon Mortgage even though I am current on my loan?
Grimface1 asked: I am current on my mortgage and I have never missed a payment. I have read that If I am behind the lender is more willing to work with me. Are those loan modification companies offering to assit with your loan modification legit?
Jan 29 2011 | Posted in Mortgage Q&A's | Read More »
What is the procedure for loan modification?
leighlababy2002 asked: Hello, Does anyone know what the procedure is for a loan modification in New York State? Is there a certain amount of income that you have to make to qualify? Just what are the guidelines for a loan modification & are there reasons why someone would be turned down? Also, is it better [...]
Jan 26 2011 | Posted in Mortgage Q&A's | Read More »