4 Easy and Effective Steps to Modify your Mortgage Loan
When a borrower fails to come up with his monthly mortgage payments, he may opt to apply for a mortgage modification. It is a name given to a collection of relaxations that the lender bestows upon the borrower provided there are authentic circumstances that are keeping the borrower from making payments on the mortgage. But [...]
Protect Yourself with Insurance
We all know you need homeowners insurance to protect your home but what many people don’t think about is what could happen to your home if you pass away. I always warn new homeowners that they will receive a bunch of notices in regard to insuring their home in case of their death. I also [...]
Aftermath of the Flood
It’s been a few weeks since I have posted anything. I was out of town and returned the day before the rain came and the ensuing flood. It has been a mess but I have seen so many people volunteer and help that it has also been a testament to the people of the State [...]
Credit Repair 101
Lately I have talked to a lot of people who need a little help with their credit. As a lender, I can do something called a rapid re-score if you have proof from the creditor that you have paid off or paid down a credit line or if you have proof that a mistake was [...]
Tax Credits Coming to an End
I keep hearing wishful thinking from those who are not ready to purchase a home yet that the government will once again extend the tax credits for first time home buyers and those who are either moving up or down in a home (check the rules as not everyone will qualify). For you, there has [...]
Why Should You Attend a First Time Buyer Class?
One of the things I hear often asked in relation to THDA and other first time home owner programs is why some of these programs require you to attend a Buyer Education Class. On the surface, it would seem that they just want you to know what you are getting yourself into when purchasing a [...]
Holiday Market Volatility
Emotions and your weight are not the only things that are volatile during the holidays as we watch the different indicators in the market go up and down on a daily basis. One day inflation seems to be out of control in one sector to be brought back from the brink by another sector the [...]
Proving Hardship for a Mortgage Modification
I get asked a lot of questions about modifying current loans and one of the things many companies want you to do is prove hardship. What does that mean since once would think if you are calling them you have hardship? Simply, you have to show that you are having trouble paying your bills or [...]
What is “Forced Insurance”
When you purchase your home you are required to keep home owners insurance on the property until the mortgage is paid in full. This is a part of the mortgage note you sign at closing. However, the mortgage company is not responsible for finding you insurance; that is your responsibility and a part of the [...]
Where Do You Turn When You Need Help?
I have to tell you that over the last year I have been disappointed by how many people I know that have been seemingly scammed by some who are offering help. It has not just been people who have been traditionally preyed upon or those who don’t have a bit of knowledge about mortgages and [...]
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