Why are the mortgage interest rates going up? The mortgage interest rates are going up because the Federal Reserve is raising the federal funds rate. The federal funds rate is the rate at which depository institutions lend reserve balances to other depository institutions overnight on an uncollateralized basis. The federal funds rate is important because it  … Read more

It is not uncommon for people who have fallen into financial troubles to take out a second mortgage on their home. Taking out a second mortgage on the home is not uncommon for people who find themselves in financial difficulty. This typically lowers their monthly payments or free up additional credit within the loan to  … Read more

The United States Court of Appeals for the Fourth Circuit recently gave a highly significant ruling in the case of Hurlburt v. Black, which affects how bankruptcy courts handle certain mortgages in North Carolina when Chapter 13 filings are made. When making a Chapter 13 filing, the debtors file a repayment plan with the bankruptcy  … Read more

For most of us, our home is our most significant investment and expense. Since your house is collateral for your mortgage loan, you will want to keep up with those payments if you wish to keep your home. The lender can legally take back the property if you default on your payments. If you are  … Read more

First time home buyers are a vital part of the housing market in the United States, and according to recent reports, people buying their very first home is at a historic low point. The National Association of Realtor’s 2017 Home Buyers and Sellers Survey reported that first time home buyers has decreased 35% this year;  … Read more

Filing for bankruptcy in Dallas is not always a welcome option. It damages your credit scores and can put your finances on hold for quite some time. If you are the type of person that would rather not file a chapter 7 or 13, here are a few bankruptcy alternatives to consider. Mortgage loan solutions  … Read more

Buying a home is like a dream come true for most people. However, not all of us have sufficient capital to make a property purchase on our own finances and end up taking out a home mortgage for the purpose. Here are a few common mortgage loan problems that most people encounter when trying to  … Read more

For many graduates in the U.S. leaving school with a huge amount of student loan debt, the idea of owning a home is a dream that may not be able to be realized. However, the Federal Housing Administration has recently given some students a bit more hope in that regard. The FHA has recently lowered  … Read more

A very commonly help misconception is that after declaring bankruptcy you will absolutely never qualify for a mortgage ever again; that the banks won’t touch you. If you want a mortgage you will be forced to seek out a predatory lender charging ridiculously high interest rates. This is an absolute falsehood. There are many lenders  … Read more

When an individual runs into financial difficulty and they are at risk of losing their home they may start to begin to consider short sales. Short sales is where the lender such as the bank or private lenders may give them the option to sell their home at a price that is much lower them  … Read more