There has been much ado in the news lately about mortgage refinancing and home loan modifications, as they pertain to foreclosure prevention. In fact, the Obama administration just announced a new program designed to reduce the number of home foreclosures in the U.S., and loan modifications are a big part of that plan.
But this is [...]
In the News | admin | 
November 11, 2009 10:34 am | 
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Reader Question: “I keep hearing that it’s a good time to refinance a mortgage loan right now. But I also hear that a lot of homeowners are having trouble refinancing right now. How can it be both ways? I’m confused by this.”
It can be confusing, so let me try to clear some things up for [...]
In the News | admin | 10:03 am | Comments Off
I saw a report today that said more than 80,000 homes in the U.S. were foreclosed upon last month (September). As these trends continue, there will also be an increase in the number of people refinancing to avoid foreclosure on their homes.
But how does this process work? How can a homeowner refinance to stop a [...]
In the News | admin | 10:00 am | Comments Off
Home loan modifications are big news right now, as a result of the housing crisis we have experienced. These days, many homeowners are at risk of foreclosure due to monthly mortgage payments that exploded in size. This was often due to an adjustable-rate mortgage loan that passed the adjustment point.
This is the primary reason why [...]
In the News | admin | February 15, 2009 2:27 pm | Comments (1)
