Finding a loan modification you can live with and getting your bank to accept it is no easy task. It requires a lot of time, large amounts of patience and determination. Banks are swamped with more loan modifications than they have ever had to handle and the dilemma of some loan modifications costing them more money than they are worth. Bringing all kinds of issues, like … [Read more...] about Loan Modification, DIY or Professionals, which is the best route.
Archives for August 2009
The objectives of the Obama Loan Modifications program are rather ambitious, to help 7 million people (the number is also quoted as 9 million, depending who you ask) modify their loan in order to afford monthly mortgage payments. In fact the way the program is designed you can save money by modifying your loan. The government is seriously backing this program with their big … [Read more...] about The Obama Loan Modification Aid Program, What Are The Benefits?
You know there is something wrong with a system when those that need it donâ€™t qualify. This seems to be the case with the Home Affordable Modification Program. One of the main reasons home owners are turned down is because their loans, by the Home Affordable Modification Program standards, are too affordable.How is it decided if a loan is too affordable to qualify?One … [Read more...] about Struggling Home Owners Loan Modifications Turned Down Because Too Affordable
Loan modifications are complicated products. It does require some understanding about how they work and what options you have when trying to modify them. Two options homeowners have to protect their homes are loan modifications and FHA refinancing.Contacting a qualified financial advisor is always a great idea if you are struggling to understand what your options really … [Read more...] about Loan Modifications and FHA Refinance What Is The Deal
Loan Modifications are a matter of general interest to many of us, especially the 9 million plus in United States that are struggling with foreclosure and could lose their home. Unfortunately many donâ€™t understand loan modifications and what is worse canâ€™t identify crooks that are out to trick borrowers and pour more misery onto already desperate households.Information … [Read more...] about Loan Modifications, lies, scams and misinformation