Federal Loan Modification – How Does it Work?

Federal Loan Modification - How Does it Work?You can’t get on the Internet without seeing ads and articles everywhere about Federal Loan Modification. You know it is a governmental program to assist homeowners, but do you know how it actually works? How does it help people avoid foreclosure?

To start with, the Home Stimulus Plan allocated 75 billion dollars to assist homeowners who have found themselves in mortgage trouble due to financial hardship. Continue reading

How to Save Your Marriage & Your Mortgage

How to Save Your Marriage & Your MortgageAlthough the television commercials about mortgages are filled with smiling couples, life isn’t always like that. Actually, maybe life even shouldn’t be like that. Life is best experienced as a smorgasbord. Indeed, real life is not the stuff of commercials and every couple does not smile all the way through the mortgage process. (In fact, maybe no couple ever accomplished that).

Now a frown Continue reading

“How Much Interest is Your Home Equity Earning?”

How much interest are you earning on your home equity? If you answered nothing, zero, zilch, zip you are correct. What would you do if you could get triple compounding on your equity? Would you take action and build a fortune that would allow you to pay off the mortgage and create a retirement fund?

We use a strategy called Early Mortgage Pay Off System or EMPOS(TM). The strategy involves using common Continue reading

Countrywide Loan Modification – Writing Your Hardship Letter

Countrywide Loan Modification - Writing Your Hardship LetterIf you are in the process of seeking a Countrywide Loan Modification, you are probably concerned with your Hardship Letter. This is the short statement you must submit with your application to Countrywide to give them an understanding of what events occurred that caused you to get in default with your Countrywide Home Mortgage.

Financial Hardship, among other requirements, is necessary for approval Continue reading

Home Equity Line of Credit (HELOC) Basics

Home Equity Line of Credit (HELOC) BasicsHome Equity Line of Credit (HELOC) is term to describe loans that uses a borrower’s home as collateral. Also referred to as home equity line, lenders determine the maximum loan balance available where homeowners could draw credits at their judgment. Like all typical loans, a predetermined interest rate is agreed upon based on current market rates.

HELOCS should not be confused with Continue reading

Mortgages Home Loan – A Good Method To Get An Excellent Balance

Mortgages Home Loan - A Good Method To Get An Excellent BalanceYou must bear in mind that with the application of some clear thinking getting a superb mortgages home loan is not a serious headache. You have to make sure that you understand all of the different mortgage products and how they may affect you because what ever mortgage you choose will stay with you for a long number of years.

How you have conducted your financial dealings previously and by that Continue reading

GMAC Loan Modification – One of the Best Options For Struggling Homeowners

GMAC Loan Modification - One of the Best Options For Struggling HomeownersLoan modifications are most often helpful for the people who are unable to repay the high rate of interest on their current home loans. But few years back it was a Herculean task to apply for a loan modification and get it approved. But with gmac loan modification there are plenty of customized plans for the customers and the benefits that you have, depends upon the option you choose. GMAC has designed its loan modification Continue reading

Are You Wondering If Your Loan is Eligible Under the Home Affordable Modification Program, AKA HAMP?

Are You Wondering If Your Loan is Eligible Under the Home Affordable Modification Program, AKA HAMP?Is wondering if your loan is eligible under the home affordable modification program – AKA HAMP, keeping you awake at night?

Are you facing foreclosure? Is the whole process keeping you awake all night with fear, anxiety and stress? Nothing is worth affecting your health and inner peace.

There are a few characteristics you must have to be eligible for this plan. Do you know if your Continue reading

What Should You Include to Get the Most Out of Your Mortgage Modification Hardship Letter?

What Should You Include to Get the Most Out of Your Mortgage Modification Hardship Letter?When lenders look at your mortgage modification letter, they’re looking for certain bits of information that you may not even give a second thought about. It may be tempting to splurge in your letter and tell your whole story or to tell your lender how displeased you are with their interest hikes, but the mortgage modification letter is not the platform to do it.

The bottom line is that Continue reading

Have You Considered a Chase Mortgage Modification?

Have You Considered a Chase Mortgage Modification?So, you have found yourself in default on your home mortgage with Chase Bank? It could be that foreclosure is just around the corner because your payments have become almost impossible to make each month. A Chase Mortgage Modification could be the answer to your dilemma, allowing you to avoid foreclosure.

The loss mitigation counselors with Chase do not want to foreclose on your Continue reading