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…Continue

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…Continue

Tags: 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 ReportsSellers may wonder whether a letting a property go into foreclosure would be easier and smarter than going through a short sale. With a…Continue

Tags: impact, affected, credit, Sale, vrs

Started by Casey Elliott Dec 31, 2008.

Facing Foreclosure? 1 Reply

What are Your Options?Borrow Money From Loved OnesIf 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…Continue

Tags: 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.$75,000Puts you in a…Continue

Tags: money, purchase, own, buy, rent

Started by Casey Elliott Dec 31, 2008.