First time homebuyers are now running out of time to get the US$ 8000 free money which is one of Obama’s stimulus program. The program was started back on Jan 1, 2009 and will be closed on Dec 1, 2009. Last year in 2008, there was also a tax credit program for homebuyers but unlike [...]

Despite Obama’s mortgage modification program, 20% of all home owners in the US are owing more than their property is actually worth. A lot of people are now desparate to swim out of their underwater mortgage but have no clue how to do it.

Finally, houses are in an affordable price range, after for the past years prices have been skyrocketing since the housing boom. Unfortunately, now the problem is that the mortgage is now out of reach as lending standards have been made tougher. Many homeowners are currently shaking their fists and cursing Freddie Mac, Fannie Mae and [...]

As much as Obama is trying to save the homes of Americans from going into foreclosure, the mortgage modification program can go wrong.

Loss mitigation is a negotiation process with the holder of your mortgage. The purpose of such negotiation is to reach new terms for your mortgage. All this can be reached and done through different kinds of processes including loan modifications, short sale negotiations, short refinancing negotiations, giving your deed in lieu of foreclosure and even [...]

In the last few years, home owners have had to get a bad credit mortgage refinance. Lately over the past few months, the mortgage interest rate has dropped but unfortunately so has the amount of money in the bank accounts of most citizens. Ever since the housing market fell back in July 2006, Americans have [...]

If you are one of the many Americans whose financial situation has drastically changed since you purchased your home, you are most likely in danger of having your home foreclosed. In today’s economy, many who have experienced job loss, unexpected illness, death of a bread-winning loved one or ballooning mortgage payments.

Buying a home, regardless of it being your first time or not, can be very challenging. There are numerous things to consider which makes the process both nerve-wracking yet exciting at the same time. However, did you know that buying homes often lead people to go into debt? This is because for many people, buying [...]

Obama’s mortgage modification program to help homeowners save their homes from foreclosure has produced less than stellar result so far. Since it was announced early this year, mortgage holders have strongly criticized the slow response by mortgage lenders.  There may be many reasons for this but one of the main reason is the lack of [...]

The first thing you would think of when applying for a mortgage is spotting and becoming eligible for the cheapest possible mortgage loan. Although it seems to be difficult to do so, with the right tools and basic knowledge you will arrive at the best mortgage plan. Here are 3 basic tips that will help [...]