Many people find the mortgage process to be overwhelming, but it doesn’t have to be. Whether you are looking for a new mortgage or looking to relive your mortgage debts through a loan modification, knowing the key terms associated with a mortgage can help you get the best deal possible. Amortization Schedule—is the time it  … Read more

Some might say that the foreclosure crisis has had a beneficial effect on the housing market; namely, a drop in mortgage delinquencies. While this might seem harsh, many are pointing to a “hard lesson learned” that serves as a deterrent for others struggling with their mortgage debts. But before we attribute the drop in delinquencies  … Read more

After the news of more government shut downs of fraudulent mortgage relief companies has hit the airwaves, many Americans are left wondering if there really is any legitimate help available.  Although there may be plenty of companies looking to scam innocent homeowners by offering foreclosure help, there are reputable agencies out there that can provide  … Read more

After it was announced last week that Google had suspended the advertising campaigns of nearly 400 mortgage modification scam companies, more online agencies have stepped up efforts to do the same. A government office dedicated to policing the efforts of so-called “relief programs” and protecting taxpayers has also joined the fight, shutting down many more  … Read more

When your mortgage is more than what the home is currently worth, finding a way out from an underwater mortgage can be challenging. Most people probably don’t want to hassle or ramifications from a foreclosure, which can leave a sense of urgency to find a solution. Although short sales are one option that can resolve  … Read more

If you are experiencing high debt loads, you are probably aware of the effects it has had on your credit. Because credit scores are calculated from many factors, one slip up  in an area can cause your score to drop.  However, there are a few easy ways you can boost your score with fairly little  … Read more

The foreclosure process is not  kind to homeowners or tenants of rental properties. Both parties stand to lose and both may experience the undue stress of eviction. Whether you are a homeowner occupying a primary residence in foreclosure or you are a tenant of a rental property being foreclosed on, there are important things to  … Read more

A mortgage modification can be a great tool to help relieve your mortgage debt troubles and avoid foreclosure. However, there are a few factors that influence your chances of successfully obtaining a mortgage modification that is beneficial to you. Your Lender It is important to remember that your lender is the only one who can  … Read more

It is common knowledge that foreclosures can have negative effects on all of those involved. The borrower ends up losing their home and the lender is stuck with a home that carries a mortgage debt they are not likely to recoup. The negative effects can reach even further than those directly involved and many neighborhoods  … Read more

As underwater homeowners continue to struggle to find mortgage relief one program offered hope, but resulted in disappointment among many. The Home Affordable Refinance Program was created to help homeowners lower their monthly payments and avoid foreclosure. However, the program wasn’t helping as many as hoped and Fannie and Freddie have had to go back  … Read more