Applying for mortgage assistance can be very complicated unless you take the process seriously. A homeowner considering a mortgage modification will likely have to submit many different financial documents to the mortgage company. Which specific documents that are needed varies …Read More
Will a Mortgage Modification Affect a Future Mortgage?
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
Can I Negotiate a Mortgage Modification?
A homeowner who is going through the mortgage modification process may wonder if they are have to accept the first offer from the bank. Homeowners are not obligated to accept the first offer from the bank, but if the homeowner …Read More
Mortgage Modifications in the News
Wells Fargo is a household name in the banking industry. In fact, it is considered to be the second largest bank in the world, and the fourth largest bank in the United States. Wells Fargo is also considered to be …Read More
Foreclosure Help
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
Mortgage Modification after Retirement
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
Can I Improve my Chances of getting a Mortgage Modification?
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
Can my Mortgage Payment Change?
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
Do I have to be behind on my Mortgage Payment to get a Mortgage Modification?
A homeowner who is currently making the mortgage payment on time, but anticipating that a hardship may occur may wonder when the best time to apply for a mortgage modification is. In the past, some mortgage companies would not consider …Read More
American Mortgage Debt
Americans carry a lot of debt, and mortgages make up a significant portion of that debt amount. In August of 2018, a report was released by the Federal Reserve Bank of New York’s Center for Microeconomic Data. It showed that …Read More