With the number of foreclosures on a step rise many how owners want to know about the various options available that can help them to save their homes. One of the most potent and effective solutions to prevent foreclosure is home loan modification.Mortgage modification involves a permanent change in the loan terms of the borrower. This can include a reduction in the interest rate, waving off penalties or increasing the loan duration or a...more
Most often, when we make large purchases, there is a debt attached to it and the plan is to pay it off throughout the years, whether it be a mortgage or a different kind of loan. Home purchases, for example, will usually have mortgage that will last between 15 or 30 years. When you really think about it, a lot can happen in 30 years, even death. If the person responsible for paying off a mortgage were to pass away, what would become of it? Who...more
When a lender looks over your loan modification application, they are looking for specific things. You need to know what they are looking for so you can carefully complete your application and avoid simple errors.It is not hard to find out how to qualify for a mortgage loan modification from your bank or lending institution. All you need to do is find out what is required and make sure your meet these requirements. Some homeowners want to know for sure that they will be approved.Unfortunately, there is no way to know for sure that you will be approved to get a loan modification. Different lenders have different sets of qualifications. You might meet the requirement of one bank, but you might not match the criteria for the one that holds your mortgage.There are some things you can do to help you have an advantage in this process. The first of which is to research your lender's mortgage modification requirements. If you know what your lender requires you will feel better filling out your application and improve your chances of qualifying with the institution you are dealing with.All you need to do to find out this information is call your lender's loss mitigation or loan...more
High Ratio Mortgage Insurance In Canada Mortgage Loan Insurance Is Required By Lenders in Canada with less than 20% down payment When you want to buy a house getting a mortgage loan thru a Toronto Mortgage Broker is the way that most people should choose.Before you get a loan to purchase a home you need to understand that mortgage loan...more
Mortgage Loan Insurance Will Be Required By Lenders When buying a house getting a loan on the mortgage is what most people do. Before you do that you should know that lenders do require mortgage loan insurance.This loan insurance is needed when your down payment is less than 25%, because it protects the lender in case there is a default by...more
The Doctor's Guide to Wealth Building Techniques If you are as concerned about changes to the health care field as I am, I bet that you have at least started wondering what kind of wealth building techniques you can use to protect your financial future. After all, it's a pretty sure bet that a lot of the costs associated with health care reform are going to fall squarely on the shoulders of doctors, especially primary care physicians who are already the lowest paid professionals in medicine.Fortunately, there are lot of solid, free sources out there that can guide you in building your wealth. The Motley Fool is a good source, and I'm constantly updating my website with new information to help people, particularly doctors, manage and build their wealth.And while you're going to want to do research beyond this article, I can give you some solid techniques right now that you can use to build your wealth and protect your financial future in the face of health care reform and a changing economy.The simplest thing you can do right now to start building your wealth is to pay yourself first. Saving money isn't something to do after the bills are paid; your...more
WNS helps a multi-line insurer's debt recoveries & reducing time for settlement of claims This client is a leading provider of insurance products in Europe with substantial business entities and units located around the world....more
Homeowners who are facing the threat of foreclosure know that it is akin to living a nightmare. It can best be described as a slow and agonizing torture where you have to spend months speculating about the fate of your home. The process is so arduous...more
There's a massive difference between being wealthy and being rich. Not all rich people can be wealthy but all wealthy people can be rich. Confused!?...let me explain.If you are a millionaire, are you by default wealthy? Ahmm, not necessarily so....more
Home Loan modifications are created to make the mortgage payment easier to pay, generally by decreasing the interest rate, furthering the loan term and, rarely, by reducing the loan balance. It is not a mortgage refinance, which pays in full the...more
Only a business owner understands how it feels when the venture he has put his life into, runs into doldrums of financial crisis. In spite of being visionary, determined, resilient, and indefatigable, he could not save his business from getting...more
It has become really difficult to build a house without taking loans and several people are looking to take such loans from banks. People who taken loans for their home must have seen several ads which feature some products that can help one to pay...more