By Gurmit Singh Toor Refinancing after a bankruptcy is not impossible, but it does take some work, and while some companies will refinance a day after the bankruptcy is discharged, it is not a good idea because the lender is not the most reputable. Use the six months to prepare properly for the refinance. Research [...]
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 helps [...]
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 include [...]
If you contact Wells Fargo before you are prepared, you run the risk of giving them the wrong information which will hurt your chances of approval.
By Susan V. Gregory When you apply for a mortgage loan modification, your lender may ask for a good faith deposit. You need to know about this possibility, because if you are not able to provide what your bank asks for, your loan modification application could be denied. What is this and why might your [...]