Home Affordable Refinance -New Refinance Options for Existing Fannie Mae Loans

The Making Home Affordable program announced by the Department of the Treasury on March 4, 2009, includes a new initiative – Home Affordable Refinance – to provide refinance opportunities to borrower…

Started by Michelle England Mar. 5, 2009.

Loan Modification Frequently Asked Questions 2 Replies

A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Question 1: In utili…

Tagged: faq, Frequently, Asked, Questions, to

Started by Casey Elliott. Last reply by Casey Elliott Mar. 5, 2009.

Foreclosure vrs Short Sale

The Impact of Short Sales / Foreclosures on Credit Reports Sellers may wonder whether a letting a property go into foreclosure would be easier and smarter than going through a short sale. With a fore…

Tagged: impact, affected, credit, Sale, vrs

Started by Casey Elliott Dec. 31, 2008.

Facing Foreclosure? 1 Reply

What are Your Options? Borrow Money From Loved Ones If you find yourself in a temporary financial crisis, this option could be good for you. Talk to your close friends and loved ones and explain your…

Tagged: deed, sale, in, lieu, Forbearance

Started by Casey Elliott. Last reply by Casey Elliott Jan. 16, 2009.

Life is too short to rent!

Why are you throwing away 60% of your income? Let me show you how paying $1,500 a month in rent will result in you throwing away $45,000 a year! Renting… Gross income for the year. $75,000 Puts y…

Tagged: money, purchase, own, buy, rent

Started by Casey Elliott Dec. 31, 2008.