The loan modification hardship letter is arguable the most daunting part of the whole application process. So many people simply do not have a clue where to begin or what to include. But it does not have to be quite so complicated. Although every loan modification letter will vary according to personal circumstance, certain features and structural elements will remain across the board. Here you will Read More
Mortgage Assistance Program: What Is It All About?
Are you struggling to pay your home mortgage and unable to get mortgage refinance assistance? You must go for mortgage assistance program, which lowers your monthly mortgage payment. The US Department of Housing and Urban Development attuned its FHA Short refinance program which was commenced on September 7, 2010. Read More
Loan modifications and how they work have become a popular topic of conversation for hundreds of thousands of homeowners in the US. In the aftermath of the sub-prime crisis, the number of foreclosures has risen steadily and at a dramatic rate. The effects of the economic crisis have been serious and wide ranging. Global banks have had to be rescued with government funds, the real estate Read More
Let me ask you a simple question-would be rather pay a loan mod company $3000 or invest 3 hours of your time to learn how to successfully complete your do it yourself loan modification? No one expects you to be an expert, but with just a few hours of your time and effort, you can learn enough about the process to prepare your own professional and acceptable loan workout proposal to your lender. Read More
Loan Modification is not a new option for those in a financial hardship situation, but lately it has become much more wide-spread. This is due to President Obama’s Making Home Affordable Plan. With the signing of his program, it has become easier to obtain one of these reworked mortgages. You should definitely look into this program.
Don’t delay looking into this Read More
Your credit report usually has three different credit scores.
Each score is from one of the three credit bureaus.
A mortgage lender usually uses the middle of the three credit scores. This is known as a “mid score”.
Your credit scores from different bureaus are usually within a similar range. For example, your credit scores may be:
720 706 691 Sometimes there is a substantial Read More
Despite diminished reserves, FHA Commissioner David H. Stevens insists the Federal Housing Administration does not need financial support from the federal government. As a federal agency charged with supporting the housing market in the government’s effort to recover from the current housing crisis, FHA is taking it upon themselves to prevent itself from falling victim to the housing Read More