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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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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... -
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... - 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...
- Hardship Letter Hardship Letter Guidelines I've read several blogs on the internet on what a hardship letter is and how you should write a hardship letter for a loan modification. A hardship letter for a loan modification...
- 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...
- The Dangers of Financial Illiteracy Financial illiteracy is a growing problem throughout the world, and as the recent housing crisis has brought to light, it can have dangerous consequences. There are a few basic financial tips that everyone can use...
- 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...
- Getting A Mortgage That Works For You Purchasing a home is the biggest investment that you can make for your future and is probably the most expensive thing that you will ever purchase. Obtaining a mortgage for the home can be tricky...
- 8 Really Useful Tips for a Successful Loan Modification (Part 1) Image by TheTruthAbout... via Flickr In the next several session, you will learn about eight tips for having a successful loan modification. A loan modification is needed when you owe more than your home is...
- 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...
