The good old days of no-doc mortgage loans are gone. This is mainly due to banks handing out loans like candy to people that lied on their applications.
Prior to 2009, getting a great mortgage rate required a 600 or better credit score. In April of 2010, 720 or better is the desired score. Reaching this [...]
Home equity loans aren’t heard of much these days. This is probably because millions of homeowners have misused these types of loans, using their homes as ATM machines to live a lifestyle that they could not afford. And as prices of homes fell, these loans became more difficult to acquire. But, as the markets rebound, [...]
One of the hardest things to go through in life is a foreclosure and, unfortunately, it is happening more frequently as the economy continues to falter. In fact, experts are predicting that foreclosures will peak in mid-2010 for this recession.
A common question being asked is “How does a foreclosure effect my credit?”
That is an important [...]
2009 has certainly been a year of consolidation. Those that recognize their financial problems may seek help from a third party, but consumers should be aware certain tell tale signs of what companies are best to work with.
You are going to ask point blank questions, and you expect professional and point blank answers. If a [...]
