The way the Flex Modification works is you will be on a trial payment making the new modified payment for either 3 or 4 months. After the trial payments are complete the modification will occur.
What is a Flex Modification? Read More »
The mortgage rates have been falling steadily since April of this year. Falling of the interest rates could be making home prices increase. The lower the interest rate the more purchasing power the buyer has. Right now purchase rates are lower than refinance rates! As long as the economy keeps declining we will see interest rates drop.
What’s Going On With The Mortgage Interest Rates? Read More »
Right now because of the Great Recession of 2008, the majority of Americans per Fannie Mae’s survey think that it is hard to qualify for any mortgage.
How To Qualify For A Mortgage Read More »
For example, lets say that your mortgage payment is $800 a month usually. On the forbearance plan, you will be making $400 a month payments for three months.
How Does A Forbearance Plan Work? Read More »
A gift can never stop being a gift! Servicer Vs. Investor Let’s clarify the difference between a mortgage company, your servicer, and an investor. A servicer is someone who takes mortgage payments, provides customer support, sets up escrow accounts, and reports to credit bureaus ensuring everything stays on track with the loan.
What Is The Difference Between A Servicer And Investor. Read More »
The best preparation for tomorrow is doing your best today. H. Jackson – Brown, Jr. We get up every morning to go to our jobs or careers, so we can provide for our families. When the mortgage payment comes due for the month and somehow we end up short, we get worried. That
Worried About Making Your Mortgage Payment? Read More »