Comments for My Loans Consolidated

Comment on Is Debt Management Safe? by Affiliates Program

Affiliates Program — Fri, 03 Jul 2009 09:02:41 +0000

you had well written blog and this information must be very useful to others.

keep up the good work and best wishes

Comment on Beware of Reverse Mortgages by Interior Designing Blog

Interior Designing Blog — Thu, 02 Jul 2009 11:56:00 +0000

@ Bill Mantooth.. I agree with you that there ts no particular solution to this but the author has also mentioned some valuable points.

Comment on Loan Modification vs Bankruptcy by Jon Griffith

Jon Griffith — Wed, 01 Jul 2009 23:35:35 +0000

Loan modifications are a short term band-aid solution to a long term problem. Let’s assume someone owes more on their home than it is worth, and the value will not return to a break-even point for at least 10 years.

Loan modification may ease the monthly cash flow temporarily, but at a pretty big price, including but not limited to 10 years added to the note, back-payments tacked on to the principal balance, temporary interest rate drop.

When all is said and done, if that homeowner, 4 years from now, needs to move, they’re right back where they started, needing to ask the bank for debt forgiveness.

Bankruptcy is something that someone should only consider if they are forced into it, which most people are not. It is far worse than letting your house go into foreclosure because it stays with you for life. Applications ask questions like, “have you EVER filed for bankruptcy.” If the answer is yes, it can, and probably will affect decision making circumstances that you encounter, like getting a job in the financial industry, etc.’

Loan modification can be costly, and doesn’t really help most people. Consider dumping your property by asking for debt forgiveness through a short sale and take back control of your life.

Comment on Beware of Reverse Mortgages by Bill Mantooth

Bill Mantooth — Wed, 01 Jul 2009 15:55:12 +0000

Most of your information is accurate, but you are missing some very key information. It is obvious you have a little knowledge about reverse mortgages and are completely against them. As in most cases though, you have conveniently put a negative spin on your post. You don’t even mention how a reverse mortgage can and has significantly improved the lives of many seniors homeowners.

You say that costs are as high as ever which is completely false. You talk about alternatives, but give no actual options. You failed to mention that these options often require borrowers to prove they have the wherewithal to repay the additional debt. Not the case with reverse mortgages.

I am very glad to see that you recommend finding a reputable company to investigate your options for a reverse mortgage. There are a lot of “mortgage brokers” out there working part time in the reverse mortgage space and they do not even understand the program themselves. They are just trying to make a quick buck.

Beware smart and get all of the facts – both positive and negative.

Comment on Credit Card Settlement – You Can Now Cut Your Debt in Half by 50%! by consumer card debt

consumer card debt — Wed, 01 Jul 2009 12:29:41 +0000

Whether you are scheduling to seek out a credit declaration program or debt consolidation, the two systems are basically the same. But, before you take action to go forth with either one, it’s best to take with a qualified financial consultant first. It will recommend you from all the debt with lilt advisory. It is better expend some time to accomplish this commission and get consequences over debt free life.

Comment on Be Inspired: $10k Per Month From Blogging by Frima

Frima — Mon, 29 Jun 2009 15:11:04 +0000

wow… $10k /mont it’s really, I want but how to make that..

Comment on 5 Tips Before Taking Out A Debt Consolidation Loan by smith

smith — Fri, 26 Jun 2009 05:38:14 +0000

In this very critical recession time debt consolidation has been become a very effective weapon to get out of debt. Debtor can get be out of debt by it. But before that he should understand the whole agreement. Good Post.

Comment on Obama’s “Making Home Affordable” Plan by Mortgage Loan Refinancing

Mortgage Loan Refinancing — Thu, 25 Jun 2009 15:31:55 +0000

Good article… I think that this enactment will help a lot of Americans to save money on their mortgage. So many people are struggling to pay their loan payments that a lower interest rate would really help them avoid foreclosure.

Comment on Credit Card Settlement – You Can Now Cut Your Debt in Half by 50%! by Imee

Imee — Tue, 23 Jun 2009 09:41:44 +0000

This is great news! Thanks for sharing the info.

Comment on Government Grants for Home Improvement by cPanel Hosting

cPanel Hosting — Mon, 22 Jun 2009 17:26:06 +0000

Our govt. is coming up with some very helpful plans but lots of people are not taking advantage or may be there is a lack of information. Due to economy stress people have started thinking in negative ways so its important to make people aware of such plans that our govt. is providing. Thanks for the information.

Regards,
Leif