With the number of foreclosures touching unprecedented highs each month, home owners are desperately seeking options which may help them to save their homes. One such option is a home loan modification. Even though the requirements for securing a mortgage modification are not as stringent as the requirements for refinancing, a home loan modification hardship letter will be a deciding factor. So it is important to learn about the do's and don'ts...more
Making Home Affordable is part of President Obama's comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future.The problem is that millions of American families wont qualify. Yes, on the surface it sounds like everyones got a new lease on life, but lets look...more
All About Mortgage Insurance Cover A mortgage is an fixed agreement that is made when we take some loan from the bank and keep our property or house papers with the bank so that if we are not in the condition to pay back the loan than the government has all the rules to take the property or house, sell it and take the money. mortgage insurance is a policy which provides special features that if the person who took the loan and kept the property as mortgage dies, than the bank gives upto 12 months time to the family so that they could repay the money and take back the property else the property is handed over to the bank and bank can do anything based upon the situation.Hence when a normal person uses a motgage agreement than the person must repay the loan within the given time interval so the bank takes a mortgage value that is very essential to the person which could be house or property or hotel etc.. so that if the person fails to repay the money than they could take the property and turn it in cash, but if the person who take the loan is dead than the bank would not provide the time and take the mortgage value but the mortgage insurance insures that even if the...more
When applying for home equity mortgage loan, lending institutions will look into your credit reputation. Your credit reputation determines whether you are eligible for a loan or an extension of a loan. There are three criteria for this.Lenders evaluate your credit history, your income, and your loan-to-value ratio. Most financial institutions allow...more
Investing in rentable property is one sure way to bank. You don't need to own a lot of money to own a property, the ease at which lenders provide tailored mortgages makes it even more feasible. Buy to let mortgages are designed for investors who want to buy property for the purpose of letting it to tenants for periodic fees. Although...more
The first Reverse Mortgage in the United States was done in 1961. In 1991, FHA introduced the Home Equity Conversion Mortgage (HECM), also known as the Reverse Mortgage. Liberty Mortgage is the expert in these governments insured and regulated Reverse Mortgages. Since this is an FHA program, the homeowner enjoys many protections and safeguards. Liberty Mortgage is licensed to do Reverse Mortgages anywhere in Texas. Our Reverse Mortgage Lenders, a mature homeowner himself, focuses on these loans. When it comes to Reverse Mortgage, he is experienced and knowledgeable. Because Liberty Mortgage has relationships with a number of lenders, we can match your needs and preferences to the appropriate Reverse Mortgage. Over 30,000 Reverse Mortgages have been done in Texas, and the program is growing annually usually called as Texas Reverse Mortgage. A Reverse Mortgage is a financial tool that allows mature homeowners age 62 and over the ability to convert a portion of their home equity into cash that can be used for any purpose. Unlike a traditional home mortgage or equity loan, you do not make monthly loan payments with a Reverse Mortgage. No repayment is due as long as you live in...more
There are many reasons to get a mortgage refinance. Due to the long terms of most mortgages, chances are good that your original terms no longer suit you. Whether you want to pay off the loan faster, stretch it out, pay lower interest rates or wring...more
Today Property in Noida becomes the most demanding real estate place. Property in Noida is a planned green belt city that is connected with New Delhi, Gurgram, Faridabad, and Ghaziabad.Noida city is connected with many express highways such as Yumana...more
When you are looking at how to successfully refinance things may seem very complicated and confusing, but it really is a lot simpler when broken down. To make this work well you just need some planning with a calculator, pencil, and paper.The first...more
Author: Hector MillaThere are ways to stop foreclosure, and there are many different programs that can help, but you have to get out there and ask for them. You need to modify your mortgage to stop foreclosure, and, if not, find other ways to stop...more
You may wonder how you can get rid of those mortgage payments and finally own your property fully without owing anything to any lender with your home guaranteeing that loan. A good solution to that situation is to obtain a biweekly refinance program...more
THE TRILOGY DIFFERENCEYOUR CERTIFIED EXPERTSWe are a team of Certified Financial Planner™ professionals, working together for you. Only Certified Financial Planner™ professionals have met the standards needed to achieve the CFP® certification.A...more