Author: MPetroneMany homeowners are struggling to make their mortgage payments, this has lead to an all time high of foreclosures and loan defaults. However, many homeowners can prevent losing their home by getting a mortgage modification. Here is how a home loan modification can help a homeowner prevent losing their home. Everyone situation is different, but many times, a homeowner is able to get a mortgage modification from their current...more
Author: MPetroneHomeowners everywhere are struggling to make their payments, and many homes are at risk of being lost. However, new Government stimulus plans make refinancing a mortgage easier than ever. The “Making Home Affordable” plan from the Obama administration now offers millions of people new mortgage refinancing options that were not available before. Here are some major facts and things you should know regarding refinancing a...more
Here are some common bankruptcy FAQs often asked by individuals who want to file bankruptcy. These frequently asked questions help debtors clarify their doubts and make the right decisions regarding bankruptcy.The most common bankruptcy FAQs before filing for bankruptcy are:Q: What Is Bankruptcy?A: Bankruptcy is a legal provision wherein one gets to remove and reorganize their debts to make a new beginning. Q: Who Can File Bankruptcy?A: Both individuals and businesses can file for bankruptcy. Individuals who are neck-deep in debt and have failed to pay back can file for bankruptcy. If you are having grave problem month after month to balance your own living expenses and payment of regular monthly bills, bankruptcy is the only option for you. You must be however completely insolvent to file bankruptcy.Q: How Can I File Bankruptcy?A: You can file bankruptcy under chapter 7 or chapter 13 of bankruptcy, depending upon whether you want liquidation or repayment plan. One can file for bankruptcy by hiring a bankruptcy attorney or individually by filling up the required form and submitting it along with the required documents.Q: How Would Bankruptcy Affect My Job?A: A large number of jobs...more
Mortgages are a complicated subject. It is like a long term relationship, and you do need to be sure before committing. We know we need one, and will have it, so let us look at mortgages and find the information we need for success!The first point to remember about mortgages is that it is finance from a lender. It is designed to help you buy a home...more
Many homeowners faced with mounting debt struggling to pay an existing home loan may find relief through a mortgage refinance. There are options available to Australian homeowners that can bring needed financial relief.Convenience through Mortgage RefinanceIt may be possible to consolidate all your outstanding debts rolling them into one loan and...more
If you are like most Australian consumers, you more than likely have succumbed to the convenience using credit cards as a funding source to get the things you want in life. It takes a great deal of discipline using credit cards on a monthly basis to make extraordinary purchases or even casual payments for a night out on the town or to buy that special pair of shoes you found while out on a normal shopping excursion. Some people, when faced with tough economic times, turn to credit card use as a temporary funding solution that, unfortunately, can result in a not-so-temporary debt problem. The lure of easy credit snares quite a few, so there is no need to be embarrassed. There are many fellow Australians in the same predicament in which you may find yourself. However, for homeowners, credit card relief is available.Mortgage Refinance is a Smart Debt Reduction MethodYou might think that through refinancing your home to pay off credit card debt you are only getting deeper into trouble. This is far from reality. Most credit card companies charge interest fees on money borrowed that are doubled, if not tripled, that accompanying a home mortgage. Paying the credit card minimum balance...more
Author: Sanjana AntonyWhen you are looking around in any area of the country the one thing that you really need to pay close attention to are the current interest rates on mortgage loans in that area. This will tell you exactly how much you are going...more
Certification in Mortgage Advice and Practice (CeMAP) is the qualification needed for a person to practice as a recognized mortgage advisor. There are different types of CeMAP courses available to suit the needs of individuals - Traditional Classroom...more
Author: Sanjana AntonyWhen it comes to choosing a good US Mortgage lender when you have found that perfect property, you might be asking a few questions of each mortgage lender in order to find the one that really will work with you and also is...more
Author: Sanjana AntonyAre you someone that lives in the USA and are trying to keep up with the changes to and activity that seems to be non-stop within the US Mortgage industry are not going to have that easy a time trying to keep up with the...more
The present-day economy, not only in the United States but through all the developed countries of the world, has fallen from soaring heights, to rock bottom. A serious credit crunch is setting in. As a result, those with good credit are finding...more
As more and more Americans face foreclosure, many are asking the question, "What happens when I stop paying my mortgage?" Here we answer in detail. Stop Foreclosure Help: What Type of State Do You Live in -- Deed of Trust or Mortgage State? What...more