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What interest rate are you qualified for? Well, that depends on whether you are trying to refinance or get a loan modification. I’ve spoken to many borrowers that are pursuing a loan modification because they feel their interest rates are high. They also feel they should be approved for the best rates offered under refinancing guidelines. That’s not how it works. In fact, if you are pursuing a loan modification, you could very well be approved for an interest rate well below the current market rate.
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Steps to a Home Loan Modification with Bank of America Loan Modifications seem to be the last hope for a number of homeowners across America who are struggling with their mortgage payments. This is ever more clear with the rising foreclosures that is expected to... -
Loan Modification: Mortgage relief or grief? What homeowners go through while waiting for their permanent modification... This article tells it all: Chase Modification Process Unfortunately, what this couple has already gone through is exactly what hundreds of thousands of homeowners across America... - Take matters into your own hands! But, how do you show the bank you need a loan modification? The secret to a loan modification is how you present the modification package to your bank. If you are considering hiring a firm to help you with a loan modification or you are planning on...
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Obama Plan - More help for California! Homeowners in California and in a handful of other states could be injected with some much needed help from the Obama Administration. Recently President Obama announced a $1.5B program to help stop the foreclosure bleeding... - Loan Modification: Can an Ebook help? Loan Modification ebooks: A waste of money? Believe it or not, Loan Modifications may still be in it's infant stage. Most banks have only just started doing loan modifications back in 2006 or 2007 and...
- Why Is Interest Tax Deductible? Did you know if you were a company and borrowed money that the interest you pay is a tax write-off? So imagine you borrowed $1 million to finance a new project and had to pay...
- So what are lenders using as criteria today for mortgage qualification? I've been talking about some things related to the home purchase we're doing now. One of the conditions of purchasing our new home was ability to get financing. Since I couldn't buy with cash, I...
- Introduction to Mortgages pt 3 of 5 This is part three in a five part series on what you need to know about mortgages before you buy a home. The housing market is an interesting beast, because it comes and goes, rises...
- Fixed-rate mortgage payments, inflation, and investing There were lots of great comments on my recent post about treating mortgage debt just like any other debt, meaning that it should be paid down faster than what is required by the lender.One of...
- Loan Modification with Indy Mac is Made Simple Recently, Indy Mac announced that it will allow homeowners who are in default on their loans to streamline into loan modifications. If you have a loan with Indy Mac, you may be asking yourself what...
