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 [...]
It is not a permanent solution to foreclosure, but it has many advantages. You get to stay in your home, saving up your money the whole time your loan is in dispute.
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 [...]
With unemployment on the rise, homeowners who have lost their jobs are wondering whether their lender with approve a loan modification while unemployed. The truth is, most lenders have difficulty accepting loan modification applications from unemployed homeowners. Even more so if that homeowner has been unemployed for an extended period of time. If you’re unemployed [...]