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Posts Tagged ‘Loan Modification’

As soon as you want to buy a home or refinance your current HOME LOAN it is vital to know about how mortgages work, the various kinds of mortgages, how home loans are financed and how properties are appraised. The more you know about the home mortgage the more money you can save or even earn as you build equity in your home. To help you embark here are a few terms you should know about to get the best deal.

MORTGAG Read the rest of this entry »

When people hear about loan modifications, they learn that one of the most common ways to lower your monthly mortgage payments is to adjust your interest rate.  For example, if you have an adjustable rate mortgage, you could g Read the rest of this entry »

At the Feldman Law Center, we have seen many homeowners wrestle with the difficult financial challenges facing everyone today.  However, it is not just homeowners who are wrestling with difficult financial circumstances.  Fortune 500 companies are declaring bankruptcy, banks are failing and even politicians are having a hard time selling their homes.  One amazing occurrence that the entire financial industry is paying attent Read the rest of this entry »

Which Mortgage Company is right for you?

It is important to find a local mortgage company that understands the housing market in your area. Make an informed decision by comparing several Connecticut mortgage companies using the same loan amount, loan term, and loan type. Be sure to find out all involved costs, not just the cost of the monthly payment or the interest rate.

Research a Read the rest of this entry »

A Loan modification can be a great way for someone who is struggling to make mortgage payments get themselves financially back on track.  These days there are many advantages to doing a loan modification versus a refinance.  You can get your interest rate lowered without all the closing costs.  Also many people who no longer qualify for a refinance still qualify for a loan modification.  Although these programs can be a sav Read the rest of this entry »

Over 2 Million American families have found themselves to be an unlikely statistic as foreclosure rates continue to skyrocket, even causing some lenders to fail. Fannie Mae and Freddie Mac needed a “bail-out” of themselves from the government. It’s getting bad with yet another wave of foreclosures set to begin in 2009.

Many of these will be Pay Option Arm borrowers. This is the Negative Amortization loan that was Read the rest of this entry »