A homeowner who is interested in applying for a mortgage modification may wonder if receiving a mortgage modification will affect the homeowner’s chances of getting a future mortgage on a different property. Each company has unique guidelines and criteria as …Read More
If you fail to make your monthly payments on your home’s mortgage, your mortgage company can foreclose on the home. This means that the bank will take your property back, and you and your family need to move out of …Read More
Retirement can be a stressful time in a person’s life. A person may have worked for many years to provide for the person’s family and save for retirement. However, adjusting to a fixed income can be difficult for many, and …Read More
Because there is no guarantee that a homeowner will be approved for a mortgage modification, many homeowners wonder if there is anything that can be done to improve the homeowner’s chances of getting approved. There are some tips that homeowners …Read More
When shopping for a home, most homeowners look for a mortgage payment that the homeowners can comfortably afford. However, many first-time home owners may not realize that the mortgage payment on the home can actually change throughout the life of …Read More
Homeowners considering a mortgage modification may wonder how it relates to filing for bankruptcy. Of course, the two are separate actions, but may go hand in hand to grant the homeowner some relief. Mortgage modifications may be applied for while …Read More
In order to demonstrate a financial hardship during the mortgage modification process, a homeowner will typically need to write a financial hardship letter. This letter can be intimidating and daunting to write, especially since homeowners typically are not familiar with …Read More
As the saying goes, there is no time like the present! If a homeowner is experiencing a hardship and is having a difficult time making the mortgage payments, has missed mortgage payments, or believes that they will have difficulty making …Read More
A homeowner who is experiencing a hardship and having difficulty making mortgage payments may be faced with the question of whether or not the home should be sold. This is an extremely difficult decision to make and there may be …Read More
Rhode Island is a great state, so it is no wonder that many homeowners choose to purchase a home in Rhode Island. However, sometimes a homeowner has difficulty making the mortgage payments on time. There are many reasons why a …Read More