Category: Mortgage
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Are Your Insured Enough?
Do you ever feel you are “insurance poor”? You have insurnace for the things you can think of, but do you have insurnace for all that you need? In addition, do you have enough coverage. The thought of more insurance make you feel like your head will explode, right? Insurance is a risk mitigator. It…
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Oh No, My Credit Score…
About seven years ago, I reluctantly spent the $14.95 to obtain our credit score. At the time, with a mortgage still remaining on my list of debt obligations, we found our score to e in the low 800’s. Pretty amazing after we had paid off tons of debt in the years prior to that time.…
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Happy Anniversary
This week my wife and I marked our third anniversary. It was three years ago this week, the 21st to be exact, that we officially became financially debt free. Since then much has occurred – including a recession. Thankfully we were in the right financial position at the time. Living in a paid off house…
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Why Do Lenders Struggle With Modifications?
A couple of weeks ago I wrote and suggested that people really look at the mortgage modification process as being a tool that might be right for them. Honestly, many of my clients have been through the process and, while it has been long and painful, have been modified to a plan that really works…
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Keep Your Mortgage Paid!
Yesterday reports hit the news about the growing number of U.S. mortgage foreclosures for this year. It is frightening to know that we are on track to foreclose on more than 1,000,000 houses this year(2010). So far this year, over 528,000 families have been affected. Even more frightening is that there were 900,000 affected in…
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Mortgage Loan Modification Changes
More and more people I meet are becoming aware of the loan modification process that many mortgage companies are using. At the direction of the Obama administration, mortgage companies were requested to help mortgage holders avoid foreclosure and help the housing market and economy. Many have applied for a modification and many have found out…