Short sales are on the rise as foreclosure rates continue to mount. Why? Because homeowners, who have fallen behind on their mortgage payments and have seen the value of their homes drop below the purchase...
What is loan modification? How is it different than refinancing a mortgage and what does it take to qualify for a lenders loan modification program.
What is loan modification?
President Obama recently...
This is the second in a series of articles for first-time home buyers. This article discusses the exceptional opportunities that exist for financial assistance for First-Time Home Buyers.
First Time Home...
Paying an attorney for a couple of visits before all of the paperwork is signed may be worth the expense.
Before You Sign, Call an Attorney
Buying or selling a home has become a streamlined process where...
There are two possible scenarios when considering an FHA refinance. Both of these scenarios are based on what kind of current loan you are trying to refinance.
FHA Refinance First Step
The first step in...
Homeowners seeking mortgage help through loan modification programs such as HAMP and HAFA, may face another issue—lower credit scores.
Loan Modification and Credit Scores
Homeowners on the verge of...
Owner financing becomes more popular during a slow market, but be sure to do your research first to see if the arrangement is right for you.
Owner financing isn’t for everyone, but can offer a number of ...