All Posts Tagged With: "modification"
Can You Refinance Your Loan Under The Obama Mortgage Relief Plan?
The 2009 Obama foreclosure relief plan has two parts, first there is modification help for those who face foreclosure and, second, there is also a refinancing program for those with loans which are no longer affordable. Under the details of the plan we can see how the refinancing program works, who qualifies and who does [...]
8Mar2009 | Peter G. Miller | 0 comments | Continued
Facing Foreclosure? How The Obama Plan Can Help
It was in February that the Obama Administration first announced it would create a mortgage relief program for millions of distressed borrowers. The details of the plan are now out, so it’s possible to see who can be helped — and who can’t. To start, we’re talking about help from Fannie Mae and Freddie Mac. [...]
8Mar2009 | Peter G. Miller | 1 comment | Continued
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began. For much of human history mortgage lenders [...]
22Jan2009 | Peter G. Miller | 8 comments | Continued
Mortgage Modification Secrets Uncovered
There’s something lenders don’t want to tell you, a little secret that can save homeowners thousands of dollars. It works like this: Rates have fallen and you want to refinance a fixed-rate loan. You contact your lender and discover that because you’re a great and wonderful person and all your payments have been full and [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
Can I Bargain With A Lender During Hard Times?
Question: We’re in financial trouble. Anyway we can work-out something with the lender? Answer: Maybe. The lender does not want to foreclose and does not want your home. What the lender wants its loan repaid, in full, and with interest. But maybe that’s not possible. Some lenders, as an alternative to foreclosure, may be open [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
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