When looking to buy a home it is important that you take precaution to prepare. Besides knowing your budget and buying within reason to avoid the risk of foreclosure down the road, there are some basic steps to prepare for the application process. Organization Is Key Many real estate experts recommend having your mortgage loan  … Read more

After a rough few years in the foreclosure crisis, we are finally beginning to see an improvement in the real estate market. While we still have a long way to go to a full recovery, there are some positive indications that people are once again looking to buy and that lenders are getting back into  … Read more

Taking out a mortgage can be scary business, especially in a time when foreclosures are rampant. The key to successful home ownership in a tough economic time is knowing how much you can afford and staying in a reasonable limit. Many people do this by using various mortgage calculators, but not all are the same.  … Read more

Now that some of the dust has settled after the mortgage settlement, lenders are required to make some important changes to the way they do business. Having been developed in light of the recent unlawful foreclosure episode, lenders will be held more accountable for their actions and be under much more scrutiny than ever before.  … Read more

Foreclosure. It is a word that strikes fear in the heart of every homeowner. While some people are not able to escape the unfortunate reality of losing their home to mortgage debt troubles, it doesn’t always have to end in foreclosure. It’s Not Just Giving Up A deed in lieu of foreclosure essentially means you  … Read more

Once again we are revisiting the issues of mortgage debt, but not just in terms of the risk of foreclosure. Mortgage debt can sneak up on anyone, especially those buying a home. Not only are some states more costly in terms of closing, but they risk of foreclosure is higher in markets where getting little  … Read more

If you are facing mortgage debt, you need to know that you are not alone.  Millions of Americans all over the nation are struggling to stay on top of their mortgage.  However, if you’re reading this, then you’re clearly doing your homework, which sets you ahead in the game.  While you may see others going  … Read more

In today’s down housing market, many potential homebuyers are excited about the opportunities available to them.  Now, more than ever before, you can get “more house” for your buck.  If you’ve got the cash for a down payment, what have you got to lose, right? The Scary Term: Foreclosure When it comes to offering mortgage  … Read more

There was a time when a simple formula for figuring out how much house one could afford was to figure 1/3 of one’s gross monthly income.  However, in some areas, housing prices have inflated at a much faster rate than salaries and more and more, people are finding themselves putting as much as half of  … Read more

There are a plethora of mortgages out there and figuring out which one might be best for one’s financial situation can be intimidating.  If one finds themselves with the wrong type of mortgage, managing mortgage debt can be very difficult.  Here is a glimpse at some of the different types of mortgages that are available.  … Read more