Many have overpaid, leading to financial strain given the state of the economy. This post will break down the impact of bidding wars, the concept of short sales, and steps homeowners can take to address potential financial difficulties.
How Does Mortgage Deferral Work Read More »
Many have overpaid, leading to financial strain given the state of the economy. This post will break down the impact of bidding wars, the concept of short sales, and steps homeowners can take to address potential financial difficulties.
Understanding Mortgage Hardships Read More »
Many have overpaid, leading to financial strain given the state of the economy. This post will break down the impact of bidding wars, the concept of short sales, and steps homeowners can take to address potential financial difficulties.
What Are Short Sale Homes Read More »
Owning a home comes with its fair share of financial responsibilities, including managing escrow accounts for property taxes and insurance.
What Is an Escrow Waiver Form? Read More »
Mortgage Daily News reported that today’s prevailing interest rates play a pivotal role in shaping the financial landscape for borrowers.
Current Interest Rates for Today Read More »
“A calm and modest life brings more happiness than the pursuit of success combined with constant restlessness.” – Albert Einstein This post may contain affiliate links. Read my disclosure policy here. Mortgage Title Fraud Are you aware that despite paying your mortgage or owning your home outright, someone else could potentially steal it? Discover
Is Mortgage Title Theft Real? Read More »
In the initial phases of your mortgage, a significant portion of your payments goes toward interest. For a deeper understanding, scrutinize the documents signed during the closing process—specifically, locate the document detailing the APR (annual percentage rate).
Do Banks Profit When Interest Rates Rise? Read More »
An ARM really means that the interest rate adjusts periodically. How often do you say the interest rate adjusts?
Is a Adjustable Rate Mortgage (ARM) a good idea? Read More »
Before the 2007 bubble burst there were several indicators showing that we were going to have a housing crisis in America.
Will We Have Another Housing Crisis? Read More »
According to nationalnotary.org, an NSA is a specially trained Notary responsible for handling and notarizing loan documents. Their role involves thoroughly reviewing all paperwork before meeting with you, ensuring a comprehensive understanding of the documents you’re about to sign.
Who Needs A Notary Signing Agent Read More »
When it comes to mortgage payments, imminent default is a serious concern. But what exactly does it mean? Imminent default occurs when the servicer (the company responsible for collecting mortgage payments) becomes aware that a borrower (the person who signed for the loan)
What Is Imminent Default? Read More »
Enter the realm of financial support with the Partial Claim—a unique loan offered by the Housing and Urban Development (HUD). This loan serves a multifaceted purpose, covering arrearages, and fees, and potentially reducing the outstanding principal balance of the current mortgage.
What Is a Fha Modification and Fha Partial Claim? Read More »
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 »
