How can Florida homeowners take advantage of the new HOPE for Homeowners program to refinance a Florida home?
March 31, 2010
How can Florida homeowners take advantage of the new HOPE for Homeowners program to refinance a Florida home?
The President signed law legislation on July 30, 2008 that allows FHA/HUD’s Federal Housing Administration to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA s existing and successful efforts to provide aid to struggling families trapped in Florida mortga Read more
$1.45 Trillion In Mortgage Debt Bought By Fed
March 30, 2010
With the markets appearing to possibly be rebounding from record losses, economic experts are scrambling to ensure the small improvement catapults as far as possible within the current struggling American economic situation. Thus, to help this improvement gain even more momentum, the Fed announced a plan to buy $300 million in T-Bills. In addition, the Fed also included a promise to buy $1.45 trillion in mortgage debt.
While some peop Read more
Top 3 Debt Relief Solutions
March 29, 2010
Debt relief for over leveraged consumers has become bigger than ever. There is over $13 Trillion of consumer debt, with almost $2 Trillion of that amount in revolving debt. With rising interest rates and exploding debt levels, what does this mean for the American family? It means you better either be debt free, have rising income levels, have equity in your home… or start looking around for debt relief.
There are as many forms of d Read more
Home Mortgage Debt Consolidation
March 26, 2010
Home owners are sometimes confronted with mortgage loan repayment problems. It is not uncommon to find repayment plans failing to materialize, forcing one to look for alternatives to meet obligation. Fortunately, there are so many debt relief programs that have been put up by various lenders to help you meet those financial obligations towards creditors.
To determine whether you qualify for mortgage debt consolidation, you can make Read more
Bad Credit Mortgage Refinance
March 26, 2010
Homeowners who want to refinance their mortgage, but have bad credit, may need to use a Sub Prime Mortgage Lender. These lenders specialize in helping homeowners get approval for refinancing or home loan modification. Although the interest rates are higher than a typical mortgage lenders or banks, the benefits for homeowners with a bad credit score are often better than traditional lenders and banks.
Freedom Debt Relief Offers Answers, Clarity for Those Struggling With Debt
March 25, 2010
As the nation’s economy has declined, Americans are feeling the pinch, with an average of more than $16,000 in debt per person among those who have a credit profile. Freedom Debt Relief co-founder and co-CEO Brad Stroh reminds those who are facing serious debt hardship that they do have options when it comes to getting help.
“If you have trouble paying the bills, are receiving calls from collectors, are struggling to pay off bills fr Read more
Jumbo Reverse Mortgages – a Dying Breed
March 22, 2010
By now, if you have been watching the news at all you’ve either read or heard all about the bankruptcy of Lehman Brothers and the Sale of Merrill Lynch to Bank of America. Many senior homeowners can find relief in the fact that any of the funds that they may have had on deposit with Lehman are protected by the Securities Investor Protection Corp., but that certainly doesn’t help them with any Lehman stock they may have owned and it doesn’t help t Read more
US Govt Unveils New Mortgage Modification Incentives
March 22, 2010
In Washington, the Wall Street Journal reports that the Obama administration has unveiled a fresh set of incentives Tuesday for mortgage servicers to help strapped U.S. homeowners.
Under a new program, the government will pay mortgage servicers $500 up front and $250 a year for three years for successfully modifying a second mortgage, such as a home equity loan.
Second mortgages have complicated government efforts to help borrower Read more
Florida Mortgage: the Perfect Refinance
March 21, 2010
The Good Old Days
Ah, remember the good old days when the Federal Funds rate was 1% and the Prime Rate was 4%? This was the case in 2004. It’s amazing what a couple of years can do. The change began in June of 2004 with the first of the Federal Reserve rate hikes. We didn’t know it at the time but that rate increase was to be the first of many. By June of 2006 the Federal Reserve had increased the rates seventeen times Read more
Alabama Debt Relief
March 21, 2010
With the ever larger debt loads faced by Alabaman borrowers, it’s no wonder that so many of the citizens of our fair state have begun to examine the various alternatives to paying back their mortgages and credit card bills through more than traditional means. After all, considering that our current national financial struggles show no signs of improving over the coming years and more and more consumers find themselves out of work, there are inc Read more