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
Tag Archives: mortgage
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
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 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
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
What is a Hardship?
In order to qualify for a mortgage modification, a homeowner must show that a hardship has occurred. The hardship must be financial in nature, resulting in it being difficult or impossible for the homeowner to make the monthly mortgage payments. …Read More