When facing foreclosure and the possible loss of your home, it can be hard to know where to start looking for help. Fortunately, the government supplies a great deal of information and a long list of resources to help you if you find yourself unable to pay your mortgage. As with any efforts to avoid foreclosure, the sooner you seek help the better the odds are that you will be … [Read more...] about Where to Find Government Help to Stop Foreclosure
If you ever find yourself in a position where you are unable to keep up with mortgage payments and are facing the possibility of foreclosure on your home, it is vitally important to find out everything you can about homeowner rights on a foreclosure. When filing for a foreclosure, a lender must follow specific guidelines in order for that filing to be valid, and you yourself … [Read more...] about Homeowner Rights on a Foreclosure: What You Need to Know
Recently, the option for a 125% refinance became available. In prior years, the maximum amount was 105%, but with the housing values dropping so much and with so many people now owing more than their home is worth, the rules were changed. There are several exceptions and specifications to this new refinance, which will be discussed in this article. One of the most important … [Read more...] about 125 Percent Refinance: What You Should Know
The government’s Home Affordable Refinance Program or the HARP Refinance Program has been adjusted in order to attract more borrowers. Since its launch in 2009, right after the United States real estate market crisis hit, this refinancing program has only succeeded in getting less than 10% of the target underwater borrowers into the program. This refinancing program was … [Read more...] about HARP Refinance Program: Info and Advice
A 100 percent mortgage refinance is a loan program in which homeowners are able to refinance a property for its total value. Most mortgage refinance loans will only provide a certain percentage of the home’s worth, perhaps 75%-80%. If the homeowner wants to borrow more, it typically involves sky-high insurance payments. This strategy is typically meant to protect the lender … [Read more...] about 100 Percent Mortgage Refinance: Tips You Won’t Want to Miss!