There are times when mortgage companies work with homeowners to avoid foreclosure . For example, by trying to negotiate a mortgage modification. However, sometimes at the same time that the mortgage companies are working with the homeowners, the company is …Read More
Are you feeling overwhelmed by your mortgage payment? If you are, then you are not alone. In a recent study that looked at how stressed Americans feel about money, Rhode Island ranked the 13th most stressed state. Further, there is …Read More
As the saying goes, there’s no place like home for the holidays. However, if you are having difficulty making your mortgage payment, you may feel so much stress about your financial situation that it takes away from your holiday. You …Read More
Sometimes people get behind on their mortgage, or have difficulty paying it. Depending on which state you live in, and your mortgage company, if you miss enough mortgage payments, you could be at risk of losing your home to foreclosure. …Read More
Purchasing a first home is a dream for many new families. However, homes are expensive, and many young families simply do not have enough money to put a large down payment on a home. This results in monthly mortgage payments …Read More
Mortgage interest rates are currently rising across America. They are the highest that they have been since 2011. Further, the rates are predicted to continue to rise into 2019. Rising mortgage interest rates aren’t necessarily a bad thing. Rising interest rates …Read More
Another way that a mortgage may be modified is through a principal reduction. The principal amount is the amount that was borrowed to purchase the home. This is the amount that needs to be paid back. The principal amount does …Read More
Although the term “short sale” is commonly used, not everyone knows what it actually means. If a homeowner finds themselves not being able to pay the mortgage, the homeowners may be encouraged to enter into an agreement for a short …Read More
A homeowner who is experiencing a hardship and is considering applying for a mortgage modification may come across the term capitalization of arrears or capitalization of missed mortgage payments, and wonder what it means. When a homeowner misses mortgage payments …Read More
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