Up until a few months ago, lenders were not modifying loans for home owners that were on time with there payments. So if you have been considering to miss a few mortgage payments to encourage your lender to modify your loan, you may want to re-consider. Normally lenders would only grant loan modifications to home … Read more
When it comes to mortgages and credit cards, as long as you pay by the end of the grace period, you aren’t charged late fees, and your interest rate isn’t adversely affected, though you are often considered a “slow pay” customer. When it comes to insurance, however, there is no grace period, and paying your … Read more
Florida a Low Down Payment home Loan To be considered for a low down payment Florida home loan, you generally need to have: Sufficient income to support the monthly Florida mortgage payment Enough cash to cover the down payment Sufficient cash to cover normal closing costs and related expenses (explained below) Within the recent 12 … Read more
If something prevented you from paying your debt management plan payments for a short period, you may be able to take a break while you try to get back on top of your finances. This is a frequent question asked regularly by people in a debt management plan as they have never been involved in … Read more
There is just too much at stake for the lender and the borrower. Being proactive is the rule of the day. In the area of Adjustable Rate Mortgages, lenders are pre-empting “payment shock” by calling months ahead to determine the budget status of families looking down the barrel of a huge increase. Some lenders who … Read more