The Fannie Mae program allows trouble homeowners to release their deed to the bank via the deed-in-lieu option and stay in their residence. For many, this may not sound like much of an option, but where there are few options...
Category: Mortgage Modification
29 Aug, 2011
Forbearance Agreement Basics
A forbearance agreement might be thought of as a short-term loan modification. When you anticipate being unable to make your mortgage payments for a short period of time (6 months or less, on average) the bank may defer your...
For troubled mortgage borrowers, it may not be so obvious as to when it is appropriate to negotiate for a forbearance agreement instead of a mortgage loan modification. As financial tools that can save borrowers from...
Mortgage loan modification has benefited millions of Americans by reducing the principle on their loans their monthly payments through refinancing. Many feel like they are finally getting a square deal after the neighborhood...
17 Aug, 2011
Rolling The Dice with Refinancing
Anyone who’s a homeowner has likely gotten a call from a mortgage broker raving about record lows in interest rates. The option and inclination to refinance your home is there, but is it worth it? Below are some questions...
