With recent data showing that almost 11 million Americans have an underwater mortgage, many homeowners are weighing their options to fix the situation. Should they leave? Seek a mortgage modification? Walk away? Of course there are no easy solutions to an underwater mortgage, but there are various options for those who owe more on their  … Read more

Even with the recovery of the housing market, many homeowners are still financially struggling with their mortgage payments. Of course, homeowners who are underwater with their mortgages are fighting to avoid a foreclosure, but with so many options available, it can be difficult to make a proper decision. Furthermore, foreclosure law and predatory lending make  … Read more

Many homeowners purchase their homes when they’re in their mid 20’s or 30’s and spend anywhere between 15 to 30 years repaying their home loans. Since most new homeowners are so young, they’re generally healthy and professionally growing, so mortgage payments are manageable. However, unexpected life events can take the life of even a healthy  … Read more

Mortgage fraud hurts everyone in the housing industry, from the lending institutions all the way to the homeowner. After the housing bubble burst and there was an increase in foreclosures, mortgage fraud schemes increased as well. These scammers poised themselves to take advantage of those struggling with mortgage debt. Mortgage fraud can take many forms  … Read more

Homeowners who are anxious to lower their mortgage rates might be tempted to refinance their loans as quickly as possible. However, there are an increasing number of homeowners complaining about the financial pitfalls of refinancing. While refinancing can help many homeowners save money and quickly eliminate their mortgage, this option isn’t for everyone. If the  … Read more

Negotiating the world of mortgage debt can seem like an incredibly complex prospect for anyone dealing with it. But there is hope for those suffering from the problems associated with mortgage debt. Dealing with Mortgage Debt If you haven’t been able to keep up with your mortgage payments, you’ll already be building up debt. Without  … Read more

Mortgage loan interest rates have continued to hover around all time lows for the last year or more. With so many people looking to lower their payments to stay out of mortgage debt, refinancing can be a great solution. In general, there are a few tips for making refinancing successful. The Right Step If you  … Read more

Mortgage loans come in many forms from conventional to FHA and VA loans. Each has their own set of eligibility standards and benefits, and each has their own drawbacks. When it comes to mortgage debt problems, the type of loan you carry could be the difference in finding help to avoid foreclosure. Detailed Differences A  … Read more

For  many Americans, the mortgage interest tax deduction is important for maintaining fiscal health each year. Accounting for nearly 35% of most people’s total itemized deductions, the threat of losing this deduction could seriously impact the future of many families. With the current plan expiring at the end of the year, time is running out  … Read more

For many Americans, foreclosure comes as the result of unexpected financial hardships. For others, foreclosure can be a result of getting in over one’s head in a mortgage loan. Even those who may never experience the threat of mortgage debt, getting the best deal on a mortgage is always a good thing. Now, a new  … Read more