Did you know that how you prepare you loan modification forms can make a big difference in whether your application gets approved or denied? It’s true-the information you provide will play a big part in your lenders decision to either give you a loan workout or deny your proposal. Make sure you have […]

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There was a large increase in the number of consumers applying for mortgage refinancing in the last month. Rates offered on the average fixed rate mortgage were at the lowest point in decades. Some consumers are taking a chance to see if the interest rates will be lowered more in the coming months, as others […]

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With the economy spiraling out of control, the U.S government is attempting to help consumers and businesses get back on their feet. Since the housing market crashed, Americans are holding on their cash, not spending as much, and have doubts about taking out loans to help consolidate and lower monthly payments.

The good news is […]

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The credit crunch has made lenders wary of approving new mortgage loans, and has discouraged many would be borrowers from making applications. Many people, both homeowners who want to refinance and new borrowers who want to buy their first house, think credit is so tight that there is no point to refinancing or to applying […]

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The new housing plan announced by President Obama last week has two main parts. First, there is a $75 billion loan modification plan and, second, there is a program that helps borrowers who are not in danger of defaulting refinance their mortgage.
These are some of the key questions to ask to determine if you can […]

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