Whenever there is a disaster or a difficult situation, companies offering help start popping up everywhere. It is true that some of these are scams, but not all are fraudulent. There are legitimate companies that genuinely want to help and will sometimes end up costing you less money as well.The mortgage modification process is no different. Many companies have been formed to help homeowners apply. Some charge up to $3,000 for this service and do...more
When you start to find it hard to make your mortgage payments and you cannot get your loan refinanced, it is time to get a loan modification. Your first step is to write a hardship letter explaining your need. The hardship letter explains why you are requesting a modification and why you need it. It is unfortunate that modifications are rejected because the writer has not learned how to write an effective hardship letter that communicates what is...more
The fixed annuity is similar in many ways to CDs issued by a bank, but the difference is that they are intended to fund the buyer's retirement. These are for the most part very low in risk and can be converted to cash much easier than a typical CD as well. Their earnings may be deferred for tax purposes and they will generally provide a higher yield than CDs or bonds. They can be classified as either immediate or deferred. The former begins making payments immediately until the interest and premium is spent and the latter does not begin making payments until the end of the term agreed upon.A fixed annuity will typically feature the following:* One single upfront premium. * The contract will lock onto one guaranteed interest rate for a certain number of years, just like a CD. * Offer a low risk because the money invested can only be lost in cases where the issuing financial institution becomes insolvent. * Are the perfect solution for generating a solid income for retirement. * Offer pretty solid returns for their low risk. * Are offered for either short, medium, or long term durations, with the longer terms offering higher yields. * Incredibly easy to use and feature no hassles....more
One of the most disturbing situations in a persons life is undoubtedly that of finding himself or herself in a financial crunch. A bad financial situation can have a negative impact on all the other aspects of that persons life. Everyone knows that the longer you wait and fail to take any kind of action, the more desperate the situation becomes....more
Almost every American homeowner would like to secure a home mortgage loan modification these days. This article will explain exactly what this means and how to go about getting one.Are you fearing foreclosure like so many of your fellow Americans are facing today? You may have already started to investigate a home mortgage loan modification. If you...more
Many people are in desperate need of help from their lenders in the form of a loan modification. The financial difficulties being faced by these homeowners are causing people to struggle or fail to make their mortgage payments.With so many homeowners facing foreclosure or bankruptcy, borrowers are looking to their lender to help them modify their loan agreements. They are hopeful about getting some relief in the interest they are paying by having their interest rate, their principle or their monthly payments reduced.Bankruptcy is a legal recourse a borrower takes when he can no longer pay his bills. Foreclosure is not always avoided when a homeowner files for bankruptcy, nor does the homeowner need to live in their home until the loan is paid off. It is much better to choose a loan modification whenever this option is available as opposed to choosing bankruptcy.There are many reasons a loan modification is better than filing for bankruptcy:As soon as your file for bankruptcy, you are powerless to do anything that will save your home. It is important that you know that filing for bankruptcy only keeps your creditors from calling you. Alternatively, if you are approved for a home...more
There are three things the banks are looking for in a successful hardship letter, and the better you can express why you need the loan workout and what makes you a good candidate to receive a modification, the more likely you are to get the...more
There are numerous individuals in the open world today that either have been a victim to infidelity or are currently being cheated by their spouses or partners. Truth be told, there is no actual way of finding out if one can check on...more
Auto refinance might be considered as one good industry nowadays. Why? Because basically, the auto refinance service provider offers reduction of high monthly payment of car possession. Although refinance is mostly related to home...more
If you are struggling to make your monthly payments, it is a relief to learn about the possibility of a loan modification. It is a terrible feeling to live in fear of defaulting on your mortgage and losing your house to foreclosure. A loan...more
Forex traders all over the world are making tons of money. To become a forex trader you will need some specific skills which are to be confident, smart and unemotional. Don't run around like a chicken with your head cut off, make sure you know what...more
Everywhere you turn, you hear doomsday prophecies of the U.S. economy. Some say it’s getting worse and some say it is stalling and will continue to be a plague to this country for years to come. Here is the bigger question though:...more